As expected, the federal Liberals are trash-talking the Tories for campaigning on tax cuts in the coming election. Stephen Harper is proposing significant cuts that would benefit middle and low-income earners including reducing the personal income tax for those making between $35,000 and $70,000 from 22 to 16 per cent.
Liberals are crying foul questioning where the Tories will get the money to pay for these cuts and accusing them of drawing from social programs. Social Programs like the Liberal Gun Registry, the Liberal Ad Scandal, and any number of other Liberal-induced billion-dollar hemmorages, we hope.
With gas prices soaring in these recent weeks (I saw 93 cents per litre this morning), the federal treasury has seen a huge injection of cash in the form of GST being collected on the higher gas prices. The Liberals have taken exception to the Tory proposal to cut GST on gas priced higher than 85 cents per litre and have responded by vowing to spend the extra money on equipment for hospitals instead. Uh, yeah, right…
We think the Liberals could be in for a rude awakening this June and that the Conservative platform of tax cuts could be the death-knell for this scandal-plagued Liberal government. One could only hope.