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WHO'S IN CHARGE HERE?
Magpie is a former journalist, attempted historian [No, you can't ask how her thesis is going], and full-time corvid of the lesbian persuasion. She keeps herself in birdseed by writing those bad computer manuals that you toss out without bothering to read them. She also blogs too much when she's not on deadline, both here and at Pacific Views.

Magpie roosts in Portland, Oregon, where she annoys her housemates (as well as her cats Medea, Whiskers, and Jane Doe) by attempting to play Irish music on the fiddle and concertina.

If you like, you can send Magpie an email!



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Tuesday, April 4, 2006

Canada's new Conservative government liked Dubya's tax cuts so much ...

... that it wants to enact a similar soak the poor, give to the rich tax program north of the border.

According to a report from the Canadian Centre for Policy Alternatives, the Conservative's tax proposals would give the smallest cuts to low-income Canadians. While almost half of the country's families have incomes less than CAN$ 40,000 per year, those families will get just over 20 percent of the tax cuts — an average of CAN$ 163. But while only one family in 10 [5 percent] earns over CAN$ 150,000 yearly, these families will get almost 30 percent of the cuts — an average of CAN$ 2,010 each. [Sound familiar to you US readers?]

"The Conservative package is much more directed toward high-income families," says [CCPA researcher Sheila] Block. "They are obviously ?standing up? for some families more than others."

The Conservatives frequently touted their plan to cut the GST [Goods and Services Tax] as proof of their commitment to help "working Canadians." However, on average, families earning less than $40,000 will receive under $129 from a 1% reduction in the GST, and families with incomes over $150,000 will receive an average of over $900.

The Conservatives' proposed capital gains tax cut is targeted very effectively—towards high-income families. [The CCPA report estimates] that families with incomes above $150,000 will receive an average of over $660 from this tax cut, while those earning less than $40,000 will receive under $6.

"According to our analysis, the Conservatives have underestimated the costs of some of their proposed tax cuts," says [CCPA economist Ellen] Russell. "Expensive tax cuts like these set the stage for more pressure for spending cuts. Low-income Canadians benefit relatively little from these tax cuts, yet they may be hurt a great deal when child care and other programs are cut to pay for tax cuts that largely benefit high-income families."

Given the record of the Dubya and the GOP-dominated Congress here in the States, Canadians can probably expect the Harper government to pay for its tax cuts by slashing federal spending spending on education, medical programs, environmental protection, and regulatory agencies.

You can download a the full CCPA report in PDF format here.

Via rabble.

| | Posted by Magpie at 12:17 AM | Get permalink




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