Opposition parties are threatening to vote down this week's much-anticipated Conservative budget because it contains a potentially contentious proposal to permanently slash taxes for middle-class Canadians.
While the Conservatives say the tax cuts will help working families during a challenging economic era, the Liberals say the rollback is ill-advised and will do little to stimulate the economy.
"If the permanent tax cuts were very large, we would be very concerned, partly because it would saddle future generations with a big debt and a permanent deficit," Liberal finance critic John McCallum told CTV's Question Period Sunday.
McCallum added that the tax reductions will be an ineffectual stimulus because people are more likely to save extra money during recessionary periods.
And if the Tory budget fails to deliver what's best for Canada, McCallum said the Liberals will have little option than to vote it down.
Good luck with that message. "Hey Canadians, you wouldn't spend your money like we want you too, so we are going to take the tax cuts off the table. " Not a very good piece of an election platform. Sounds like a bluff to me.
Hat tip to Strack Attack. Who also mentions that heroic Obama is giving lower and middle class tax cuts in the US, why is it so bad when Harper does it?
