Bombshell: PM Ignatieff may hike the GST in the future
In a one-on-one interview today with Citynews’ Richard Madan, Liberal leader Michael Ignatieff said that he won’t take a GST hike off the table in dealing with the economic crisis.
Madan: “On the tax side, is it time to boost up the GST to its former levels of 6%? Do we need to that? Do you support raising the GST?”
Ignatieff: “I won’t be drawn at the moment where Canadian taxpayers and consumers are struggling with their bills, jacking up GST doesn’t sound to me like the greatest idea. But, let me be clear here: If we are in a deep deficit in year 3 or 4 you can’t exclude tax increases to get us out. Canadians understand how bad deficits are. So I’m not going to take a GST hike off the table… later, I just think it would be a bad idea now, in the recession.”
For deeper analysis and exclusive posts, subscribe to my Substack.
Related Posts
Dion was an unexpected gift, but Ignatieff was an original Tory prospect
During the Liberal convention in December of 2006, Bob Rae was seen by Conservative strategists as the most fearful prospect that the Liberals had on offer to…
Fact, fiction and speculation
Fact: “The Liberal Opposition plans to introduce a non-confidence motion in the House of Commons on Monday” (source) But: Notice of motions are introduced…
Dion will implement carbon tax even if there’s a recession
After a joint address to the Empire Club and Canadian Club yesterday, Stephane Dion faced reporters. The exchange between Richard Madan from City and Dion was…