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Canadian NDP Says Tax Cuts Are Uncessary

by Mike Godfrey, Tax-News.com, Washington

08 December 2005


New Democratic Party leader Jack Layton, and Paul Summerville, the NDP Candidate for St. Paul's, stated this week that the party would, if elected, leave tax rates on hold and use money saved from tax cuts pledged by the Liberal and Conservative Parties to invest in public services.

"The federal government has enough money to do its job. It doesn't need to raise taxes," Summerville stated on Monday as the centre-left NDP unveiled its tax agenda, adding: "So we won't."

Summerville – a former chief economist with RBC Dominion Securities and Managing Director of the TD Bank – also said that the corporate tax cuts introduced by the Liberals and supported by the Conservatives are "wrongheaded," and that these funds can be better invested in education and health care.

The NDP also committed to proceeding with the increased basic personal credit amounts and the decrease in the lowest personal income tax rate that were announced by the federal government in November.

Mr Layton accused the Liberal Party, which has promised cuts in both corporate and personal income tax, and the Conservative Party, which has pledged to cut the Goods and Services Tax to 5% over five years, of attempting to "buy votes" in the upcoming general election, set to take place in the New Year.

"There are more important things to work on first – reinvesting in our education and training, looking after our seniors and improving our health care, one practical step at a time," Mr Layton argued.


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