[OnTheIce]

[Mr_Canada]

Conservatives = Lower Corporate Taxes
Liberals = Lower Corporate Taxes
NDP = Keep Them at Current Levels



All the same...

[Bruce_the_vii]

John Manely is speaking from his current job, CEO and President of the Canadian Council of Chief Executives, not as a former Liberal.

[raydan]

When I hear rich people saying how good it is for the economy to cut taxes to rich people, I say... yeah right!

[bootlegga]

Bruce_the_vii wrote:

John Manely is speaking from his current job, CEO and President of the Canadian Council of Chief Executives, not as a former Liberal.

Good catch, I'd rep if I could.

[bootlegga]

When the Liberals were in office and cutting corporate taxes, the country was in a SURPLUS situation, not running a $39 billion annual DEFICIT like now.

Handing out $6 billion in tax cuts while we're already behind the 8-ball is foolish.

Once we get rid of the deficit, ten we can worry about handing out corporate welfare again.

[Proculation]

Mr_Canada wrote:

Conservatives = Lower Corporate Taxes
Liberals = Lower Corporate Taxes
NDP = Keep Them at Current Levels



All the same...

Because it's the thing to do.

[OnTheIce]

Bruce_the_vii wrote:

John Manely is speaking from his current job, CEO and President of the Canadian Council of Chief Executives, not as a former Liberal.

Does that negate his words completely?

Sure, it makes his statement less credible, given who he represents, but if this was Liberal policy before and it was considered good, why is it now considered a bad thing?

[Mr_Canada]

Proculation wrote:

Mr_Canada wrote:

Conservatives = Lower Corporate Taxes
Liberals = Lower Corporate Taxes
NDP = Keep Them at Current Levels



All the same...

Because it's the thing to do.

[OnTheIce]

bootlegga wrote:

When the Liberals were in office and cutting corporate taxes, the country was in a SURPLUS situation, not running a $39 billion annual DEFICIT like now.

Handing out $6 billion in tax cuts while we're already behind the 8-ball is foolish.

Once we get rid of the deficit, ten we can worry about handing out corporate welfare again.

Almost all parties are suggesting tax cuts in the billions on various things, should we halt all tax cuts & incentives until we are out of deficit?

[Proculation]

bootlegga wrote:

When the Liberals were in office and cutting corporate taxes, the country was in a SURPLUS situation, not running a $39 billion annual DEFICIT like now.

Handing out $6 billion in tax cuts while we're already behind the 8-ball is foolish.

Once we get rid of the deficit, ten we can worry about handing out corporate welfare again.

Cutting taxes is THE thing to do to boost economy. A better economy means more tax revenue. It's not "handing out" 6$ billion since the boost in the GDP will mean more jobs, more investments, more revenue.

[bootlegga]

OnTheIce wrote:

bootlegga wrote:

When the Liberals were in office and cutting corporate taxes, the country was in a SURPLUS situation, not running a $39 billion annual DEFICIT like now.

Handing out $6 billion in tax cuts while we're already behind the 8-ball is foolish.

Once we get rid of the deficit, ten we can worry about handing out corporate welfare again.

Almost all parties are suggesting tax cuts in the billions on various things, should we halt all tax cuts & incentives until we are out of deficit?

If you're going to offer a tax cut, why not offer it to regular people, instead of multinational corporations? Because that's not how the Conservatives (be they PC or Reform or the current incarnation) have ever operated.

The key difference is that we are now in a serious deficit situation. If the deficit was a billion or two, then it would be a different story - but it's not, the projected deficit is $39 billion! That's numbers like we haven't seen since Trudeau and Mulroney were running Canada.

Frankly, I think so-called fiscal conservatives would be against borrowing money to give to big business, but I guess not.

I think it's crazy to borrow $6 billion from the banks to hand it out to other corporations (it wouldn't surprise me if some of the very banks we are planning on borrowing the $6 billion from will get part of it back in tax savings).

Regarding other parties planned programs and cuts, none of them are planning on giving out another $6 billion in corporate welfare, spending billions on jails, etc, which leaves them with plenty of funding to pay for those programs.

[bootlegga]

Proculation wrote:

bootlegga wrote:

When the Liberals were in office and cutting corporate taxes, the country was in a SURPLUS situation, not running a $39 billion annual DEFICIT like now.

Handing out $6 billion in tax cuts while we're already behind the 8-ball is foolish.

Once we get rid of the deficit, ten we can worry about handing out corporate welfare again.

Cutting taxes is THE thing to do to boost economy. A better economy means more tax revenue. It's not "handing out" 6$ billion since the boost in the GDP will mean more jobs, more investments, more revenue.

By that rationale, we should have zero percent corporate taxes - because they then attract more investment and create more jobs right?

Sorry, I'm not buying it. Ireland had far lower taxes than us and look at how well they fared in the past couple of years. I know that their corporate tax rate is not the cause of what happened to their economy, but if the logic that low corporate tax rates solves all economic problems (GDP growth, job creation and increased tax revenue), then they should be well onto the road to recovery. Yet that's not what I'm seeing - I'm seeing bailouts from the EU, not huge growth.

Our corporate tax rates are already the LOWEST in the G7, why do they need to go lower? Who are we competing with - the G7 or tiny nations like Iceland and Estonia?

[andyt]

We should have not corporate taxes and no minimum wage. Think of all the jobs that would be created if only employers could pay two bucks an hour. The arguments for both these statements rest on the same logic.

See the article I just posted about the effect of having a substantially lower tax rate vs the US.

[Proculation]

bootlegga wrote:

Proculation wrote:

bootlegga wrote:

When the Liberals were in office and cutting corporate taxes, the country was in a SURPLUS situation, not running a $39 billion annual DEFICIT like now.

Handing out $6 billion in tax cuts while we're already behind the 8-ball is foolish.

Once we get rid of the deficit, ten we can worry about handing out corporate welfare again.

Cutting taxes is THE thing to do to boost economy. A better economy means more tax revenue. It's not "handing out" 6$ billion since the boost in the GDP will mean more jobs, more investments, more revenue.

By that rationale, we should have zero percent corporate taxes - because they then attract more investment and create more jobs right?

Sorry, I'm not buying it. Ireland had far lower taxes than us and look at how well they fared in the past couple of years. I know that their corporate tax rate is not the cause of what happened to their economy, but if the logic that low corporate tax rates solves all economic problems (GDP growth, job creation and increased tax revenue), then they should be well onto the road to recovery. Yet that's not what I'm seeing - I'm seeing bailouts from the EU, not huge growth.

Our corporate tax rates are already the LOWEST in the G7, why do they need to go lower? Who are we competing with - the G7 or tiny nations like Iceland and Estonia?

Right. We should tax the workers, not the one who creates work.