GST cut does nothing for lowest income bracket
Well, I was out yesterday buying a bottle of pop, and instead of costing me $2.29, it instead came to $2.28. Thanks, Stephen! I wonder if the bank will let me open a special savings account for all the pennies I'm going to save thanks to this wonderful tax cut?
The London Free Press writes today that the GST cut does nothing to help the lowest income bracket (they get GST rebates, anyway), and actually hurts them because, to afford it, Harper had to jack up their income taxes by half a percent, anyway. That's not to mention the fact that it's panned by almost every serious economist out there, who all agree that income tax cuts are the way to go, as they spur economic investment.