Worth a read
http://mobile.thestar.com/mobile/NEWS/article/738403
December 14, 2009
Laurie Monsebraaten
Social Justice Reporter
Ontario's controversial harmonized sales tax is "virtually revenue neutral" and not the cash grab critics say it is, argues a new report to be released Monday.
The report by the Canadian Centre for Policy Alternatives says low- and modest-income families will come out slightly ahead under the Liberals' HST package, which includes increased property and sales tax credits and income tax cuts, while households with incomes above $100,000 will come out just slightly behind.
"No group is significantly worse off or better off as a result of the province's HST plan," said Ernie Lightman, a University of Toronto economist and professor of social work who co-authored Not a Tax Grab After All: A Second Look at Ontario's HST.
Even the researchers admit they were "surprised" to find a vast majority of Ontarians will either be slightly better off or unaffected by the tax changes.
"Assertions that this is a tax grab have no foundation in reality," Lightman said.
James Morton
1100-5255 Yonge Street
Toronto, Ontario
M2N 6P4
416 225 2777
2 comments:
James,
Can you please explain to me how something that is "virtually revenue neutral", “is expected to create close to 600,000 new jobs over 10 years”?
Harper will be lucky to claim 60,000 new jobs by spending tens of billions, and something that is "virtually revenue neutral" will create 10X that?
Many of us have more respect for you than to see you quoting obviously biased Toronto Star propaganda (even if it for the good guys).
The Conservatives are facing serious internal problems here.
As the Conservatives in Ottawa fall apart over this issue they face an even more serious rift between the provincial and federal parties. Lisa MacLeod has been open that harmonization could not happen without the $4.3 million the federal government gave Ontario to harmonize and she has called for her cousins to stop the transfer.
Hudak’s pride has him playing politics with the future of the people of Ontario, and opposing the HST, lets hope he listens to boss Harper.
Please visit: http://sites.google.com/site/thetruthaboutthehst/
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