Corporate tax cuts may bring down (Canadian) government

[Newsjock]

Source: The Globe and Mail

With the NDP apparently determined to vote against the Conservative budget, Parliament returns Monday with the odds now increasingly favouring a general election call in March.

NDP finance critic Tom Mulcair told CTV Question Period Sunday that it was “highly unlikely” his party’s caucus would support any budget that did not reverse Prime Minister Stephen Harper’s plan to lower the corporate tax rate from 17 per cent to 15 per cent, the final stage of a set of cuts announced in 2007.

“If Mr. Harper’s priority is to give more to the banks, he knows what to expect,” Mr. Mulcair declared, repeating earlier warnings. NDP MPs, speaking on condition of anonymity, confirmed that many in caucus are strongly inclined to vote against the budget because of the corporate tax cuts, even if Finance Minister Jim Flaherty bows to the party’s demands to cut taxes on home heating oil and to improve pension benefits for low-income seniors.

... A Leger Marketing poll commissioned by QMI News reported Sunday that only one Canadian in 10 favoured lower corporate taxes, while four in 10 wanted to see those taxes go up. About one in four thought the tax rate should stay as it is, and another quarter had no opinion.

Read more: http://www.theglobeandmail.com/news/politics/corporate-tax-cuts-may-bring-down-government/article1887996/

[annabanana]

1. Seems likethat's the way it OUGHT to work, you know?

Rather than the other way around like here.

[whosinpower]

2. The liberals will side with the conservaties on this one

That is my bet. Sadly, Ignatieff shows no inclination, nor desire to lead the country. As much as I dislike Harper, I am not seeing Ignatieff or the liberals come out with any sort of plan of any kind. Only that they are the party in opposition - and so that is what they do - they oppose. But, when faced with an election scenario, they have backed down every single opportunity. They will do so again. And if Ignatieff comes across as being "not ready" to govern, then why should the voter have any sort of trust or faith in him?

My disgust with them is almost as high as with Harper. And Jack Layton simply does not have the popularity needed to win a majority in canadian politics, and the Bloc is regional. So we are back to square one with a disenfranchised and dissillusioned voting public, which will probably see depressed and low voter turnout.

[fascisthunter]

3. it's already happened here