Conservatives Confirm They Will RAISE TAXES ON LOW INCOME EARNERS

Original Story: (commentary added by me in parenthesis) CBC News

 

A Tory plan to raise personal income taxes on low income earners is part of an overall tax strategy that will result in more tax relief for (rich) Canadians, Tory MP Jason Kenney said Friday.

 

Kenney was reacting to a CBC News story that revealed part of the Tory tax plan if they take power is to reverse a Liberal tax cut introduced before the election.

 

"Our priority is (to give rich people huge tax breaks, and give them) broader and deeper tax relief than what the Liberals are willing to offer," Kenney told CBC News Online.

 

Last November, before calling the election, the Liberals cut personal income taxes – a one per cent reduction to the lowest tax bracket, from 16 to 15 per cent, and an increase of $500 to the basic personal exemption.

 

The cuts will mean a tax rebate for 2005, as less tax is being knocked off Canadians' paycheques for 2006.

 

The Conservatives voted against those tax cuts in November, but they became law. Late last year, Conservative Leader Stephen Harper's staff told CBC Online the Conservatives would let the tax cuts stand if they win the election. (Can you say flip-flop boys and girls?)

 

But the Conservatives called CBC this week to say that while they would allow the Liberal tax cut to stand for last year, meaning Canadians will still get that tax rebate, they intend to immediately raise personal income taxes if they are elected later this month.

 

The Conservatives say a Stephen Harper government would (be terrifying to all concerned) raise the rate on the lowest tax bracket back from 15 per cent back to 16 per cent in their first budget, probably in April. As well, the basic exemption, income on which no tax is charged, would be dropped by $400 in the same budget.

 

A Tory official acknowledged to CBC News that would likely mean taking back the money taxpayers are saving on their paycheques for the first four months of this year.

 

The Tories refused to be interviewed on camera for the story. (Can’t imagine why) But Kenney later told CBC News Online Friday that this information is not new and referred to Harper's Dec. 1 news release regarding the GST cut.

 

"We would suspend [the Liberals] future measures in order to deliver broad-based and responsible tax relief (To all rich people), which will ultimately save (rich) Canadians more in their taxes and will be (totally not) affordable in terms of the delivery of federal services," the release said.

 

"The immediate result of cutting the GST will be $4.5 billion back in the pockets of ordinary Canadians. (except for the fact that most of the things low income earners buy such as food and rent doesn’t have GST on it.) When the GST cut is fully implemented, the total benefit (to rich people) will be much greater," the release said.

 

Kenney said they voted against the Liberal tax cuts because they disagreed with their fiscal priorities (namely cutting taxes to obscenely high income earners), adding they would have "spent smarter and cut taxes deeper." (Which is what they said they would do last time they were in office, and we all remember how well that worked out.)

 

The Tories have also said that their own tax package has not yet been fully announced.