Sunday, February 11, 2007

Income splitting

This is just one reason why smilin' Jack and his crew will never hold the keys to 24 Sussex Dr. From CTV's Question Period broadcast today, NDP finance critic Judy Wasylycia-Leis discusses income splitting:

"It's a very costly proposal that very much benefits wealthier families...it's a huge bonus for high income earning families that have one person at home full time and one person in the workforce I think the interesting question here is, how will the Liberals respond to this negative regressive policy...a most regressive policy and contrary to the notion of full equality for women."

Yeah Judy, it's so regressive a tax policy that 13 OECD countries have adopted it. They are: Belgium, France, Greece, Luxembourg, Portugal, Switzerland, the United States, Germany, Iceland, Ireland, Norway, Poland and Spain.

These Dippers have always fancied themselves as champions of the working man. How they can be against a tax instrument that will reduce the burden on single income families is beyond me.

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