Tuesday, October 5, 2010

Iggy Flop On Corporate Taxes

Today's poll question; what do you think should happen to the corporate tax rate? Should they be raised, lowered, or remain unchanged? I prefer to call them business taxes, where we tax those who provide jobs; but in the national narrative they are called corporate taxes, so we'll go with that. The "corporate" tax rate has already been approved to decrease thanks to support from the Liberals, who have since changed their minds and want to pay for all their promises for social programs by reversing a tax decrease that hasn't happened yet. We have become accustomed to the Iggy Flop, which seems to be happening in greater frequency since he began shifting policy closer to that of their coalition friends at the NDP.

What should happen with corporate taxes? If your objective is to maximize the number of jobs available in the economy, then the scheduled moves increase the ability of small and medium sized businesses to hire employees. Or if you believe that business is evil and they hoard any profit from tax decreases, then by all means, tax them more.

In the spirit of Iggy Pop, I am gravitating towards the nickname "Iggy Flop" for the Liberal leader...it just feels so right on so many levels...and those who work in the civil service will have a true lust for life if Iggy Flop is elected, as he will be worth millions in prizes...

4 comments:

  1. Sending money to Ottawa for more wasteful spending makes little sense.

    Canada is transforming itself away from the Liberal socialist utopia peddled in the three big urban centres. Democratic reform can't happen fast enough.(+30 seats)

    Our dollar in nearly par, our tax and employment rates are much better than our largest trading partner. Oil is $ 82 p.bbl

    Value of export $ 100+ million of oil daily. If we ramp up production, oil stays around $70-80 in the next five years our deficit will be gone and cuts to health, education and social services did NOT have to take place.
    We need to slow the growth of the big ticket items back to inflation. 1-2% vs 6%.

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  2. Somebody in the PMO better splain the pros and cons of tax cuts to the to the common folks.

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  3. Iggy Flop dances pretty good for an 80 year old American.

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  4. 2 years ago, Liberals were adamant that Jack's plan to reverse corp tax cuts would hurt the economy. The corp tax cuts to 15% stayed!

    But today, Liberals have reversed that stand, and are more than willing to echo Dipper position.

    Reminder too, that Jack caved to Lib demands to keep the corp tax cuts, in exchange for a seat in Dion's cabinet.
    Now it is Iffy caving to steal Dipper votes.

    Neither party have principles.

    Dec 2008:
    '...Liberal Leader St├ęphane Dion flatly rejected forming a coalition government with the New Democrats today on the heels of hints from NDP Leader Jack Layton that he'd be open to the idea.

    Mr. Dion, speaking after an address to a Vancouver-area business crowd today, said he could not work with Mr. Layton in this way because the NDP leader wants to hike taxes on business.

    “We cannot have a coalition with a party that has a platform that would be damaging for the economy. Period,” the Liberal leader said...'


    http://www.theglobeandmail.com/news/politics/article710856.ece

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