Global Insight's chief economist Dale Orr:
"What the Finance Minister Flaherty didn't tell us is that the lowest marginal rate was 15% in 2005, and in 2006 until the Conservative government raised it to 15.5% in budget 2006, to help finance the first GST reduction," Orr said, adding that the rollback of the earlier Tory tax hike accounted for almost 80% of the total personal income tax relief .
"Thus, this personal income tax 'relief' is relief only because the Conservative government took it away in their budget 2006, to have it restored again in the November, 2007 economic statement."
"This is a welcome bit of tax relief, but it is obvious that if it was any smaller it would be undetectable," the paper noted, adding that even at 10.9 per cent the tax burden is as high as it has been at any time over the past 15 years.
Yesterday, I proposed that Dion address the GST issue head on, challenging the government. Knb made the point that Dion could walk into the House of Commons with a stack of papers, each one a separate criticism of the government's approach. It would appear today that we can add another sheet, to what is fast becoming a book of unanimity.