"The Conservatives will frame their income-splitting plan as needed tax relief for middle-class Canadian families. What Harper won’t tell us, however, is that it isn’t designed to benefit the families most in need. In fact, it promises to exacerbate — not reduce — existing income and gender inequality.
Harper will try to obfuscate how his income-splitting scheme will further shrink the federal tax base with little economic or social gain for most families. What it will achieve is the hamstringing of future federal governments, whose ability to make needed public investments and fund critical social programs like child care, parental leave, good pensions, or world-class public health care will be blunted."
What’s wrong with income-splitting? Nothing — if you’re wealthy
We are likely to hear a lot more about the merits of Harper’s ‘income-splitting’ proposal before the 2015 election.
The Conservatives continue to slash spending and erode public services precisely in order to create the fiscal room for this promised tax cut. Never mind that Mr. Harper’s aggressive agenda of tax cuts has already helped turn a $16 billion surplus in 2006 into annual deficits.
Read more: http://www.ipolitics.ca/2013/10/09/whats-wrong-with-income-splitting-nothing-if-youre-wealthy/
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