But the Canadian Taxpayers Federation can't agree on the situation with EI and CPP. One person says its going to cost us more;
"Sara McIntyre from the Taxpayers Federation says Ottawa will do some extra dipping into your pockets as well. She says we'll be paying more for EI premiums and Canada Pension Plan payments will be increasing as well. McIntyre says there is no reason to pay for for employment insurance since the fund has more than a 40 billion dollar surplus."
Whereas their national spokesperson John Williamson says;
"The benefits include a small decrease in employment insurance premiums and a new employment credit, which will offset a modest spike in Canada Pension Plan contributions."
Either way you and I pay will pay $70 more in taxes while selected Canadians get the targeted benefits of the Tories attempt to buy votes with tax credits.
"In some cases (people with young children) will see five times the amount of savings as individual Canadians," said John Williamson, head of the Canadian Taxpayers Federation.
"For individual taxpayers without children the picture's not nearly as sunny. The average tax savings range from $100 to $120 in 2007."
The new lowest personal rate of 15.5 per cent represents a quarter-point rise from 2006, and a half-point increase from the rate set by the Liberals in late 2005.
Williamson calculates that an individual earning $35,000 will see average tax savings ranging from $80 in Newfoundland to $144 for Alberta residents.
Compare that to the savings for families with two children under age 6.
In such a family with a single income-earner making $80,000, the range of savings will be from $963 in Quebec to $1,545 in Alberta, says the federation.
A two-income family earning $80,000 with two young children will save approximately $800 in Quebec up to $940 in Alberta. "
http://plawiuk.blogspot.com/2007/01/tories-targeted-tax-cuts.html
[Proofreader's note: this article was edited for spelling and typos on January 2, 2007]
Note: http://plawiuk.blogspot...
Tories Targeted Tax Cuts
Posted on Tuesday, January 02 at 08:37 by eugeneContributed By
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Page 1
-Max Planck<br />
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Tax is a burden in which we need relief. Who better to deliver relief from crushing taxes than the Conservatives who borrowed this whole idea from George Bush?
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If there was ever a time for Canadians to become pushy - now is the time - for time is running out on this nation called Canada.
<br />
Here's an interesting report:<br />
<br />
<a href="http://www.policyalternatives.ca/documents/National_Office_Pubs/2006/Benefits_and_Costs_of_Taxation.pdf">http://www.policyalternatives.ca/documents/National_Office_Pubs/2006/Benefits_and_Costs_of_Taxation.pdf</a><br />
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Here's another one. The section on indexation is particularly interesting, although the writer's conclusions in other regards are in sync with the 'high vat'...'low income tax' OECD crowd.<br />
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And one more that may be relevant if 'Canada's New Government' hangs around for awhile.<br />
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<a href="http://dsp-psd.pwgsc.gc.ca/Collection-R/LoPBdP/BP/prb0110-e.htm">http://dsp-psd.pwgsc.gc.ca/Collection-R/LoPBdP/BP/prb0110-e.htm</a><br />
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Taxes may be a boring topic for most and simply an odious requirement one would prefer to dispense with however, taxation policy basically determines the type of society we inhabit and and should mirror that which we want.<br />
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Social safety nets, government sponsored medical plans, education, etc., cost money.<br />
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If you don't think these are desirable...bring on the tax cuts.<br />
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If you do, well Canada is about average tax-wise amongst OECD members, so you're still getting a bargain for your money, regardless of what the 'taxes are too high' crowd would have you believe.<br />
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It basically comes down to whether you think government's only business should be building roads, providing a military<br />
and the like and after that it's every person for themselves or whether you think government has a role in ensuring all members of a society have some semblance of a decent life (which we aren't doing great at even now with what remains of our 'progressive' tax systems). You either think it's good for society that some CEOs make a million a year, and are taxed at a relatively low rate because lord forbid we don't want the fleeing to a more favourable system in the U.S., and other folks sleep on street grates or you don't. <br />
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If you're in the former group, taxes should be pretty low. If you're in the latter...well as Oliver Wendell Holmes stated "Taxes are the price we pay for civilization.".<br />
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I leave it to others to judge where the reformed conservatives stand on 'civilization'.<br />
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And as cheesed off as we get about government 'waste' and 'scandal', it's good to keep in mind that while these should be avoided, gun registry's and Quebecor are chump change in relation to the cost to society, employees, shareholders and taxpayers, attributable to a number of private sector 'hey...we don't need no regulation' fiascos like Enron, Worldcom etc.<br />
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<p>---<br>"When we are in the middle of the paradigm, it is hard to imagine any other paradigm" (Adam Smith).<br />