Parties must get serious about tax relief

Parties must get serious about tax relief: "Parties must get serious about tax relief


Both the Liberals and Conservatives have promised voters tax cuts should they be elected in the Jan. 23 election. Yet neither party's cuts even come close to offering the level of relief Canadians need. Even after the Liberals' promised income tax reductions or the Tories' GST cut, the average Canadian's taxes would still be one-third higher than the average American's and nearly 10% higher than the average for taxpayers in all industrialized nations. The full cost of Ottawa's addiction to high taxes is made clear in a new study by Global Insight, a Toronto-based economics research firm: slower economic growth. "