TransitBart
Senior Member
The whole funding as we go issue is going to require a national discussion on taming health care costs. A PC win here will force the federal government back to the centre. With recent changes in taxation in the USA, major changes in personal and corporate rates are unlikly and perhaps unwise. The room to tax is at the VAT level and the 2 points vacated by the 'Harper government' -*spits nails* - are a space that each province and territory have room to maneuvre in.
The chickens are coming home to roost, even Alberta has huge fiscal challenges to deal with, and it wont' be long before the NDP in BC blows that province's finances to kingdom come too. AB will need the revenue to close a gaping budget hole. VAT/GST taxation does not affect the incentive to earn either personally or corporately.
I say restore the 2 points federally (ie. raise the GST rate from 5% to 7% again), and then return 1 point to each province in proportion to their dollar contribution, as long as it is earmarked uniquely for public transit in that province. Ongoing funding resolved. The other point can go to healthcare perhaps. Or - shocker - the deficit.
The chickens are coming home to roost, even Alberta has huge fiscal challenges to deal with, and it wont' be long before the NDP in BC blows that province's finances to kingdom come too. AB will need the revenue to close a gaping budget hole. VAT/GST taxation does not affect the incentive to earn either personally or corporately.
I say restore the 2 points federally (ie. raise the GST rate from 5% to 7% again), and then return 1 point to each province in proportion to their dollar contribution, as long as it is earmarked uniquely for public transit in that province. Ongoing funding resolved. The other point can go to healthcare perhaps. Or - shocker - the deficit.
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