{"id":9125,"date":"2014-11-26T22:54:10","date_gmt":"2014-11-27T03:54:10","guid":{"rendered":"http:\/\/www.newspapers-online.com\/auroran\/?p=9125"},"modified":"2014-11-26T22:54:10","modified_gmt":"2014-11-27T03:54:10","slug":"liberals-sceptical-about-income-splitting","status":"publish","type":"post","link":"https:\/\/www.newspapers-online.com\/auroran\/liberals-sceptical-about-income-splitting\/","title":{"rendered":"Liberals sceptical about income splitting"},"content":{"rendered":"

The federal Conservative government will forgo a surplus this year and instead borrow money to pay for income-splitting and other new tax measures, according to its own fall economic update.
\nIn the last two months the Conservatives announced more than $3 billion in tax changes for this year, including an expensive income-splitting scheme. If they had followed the plan laid out by the late Jim Flaherty, the federal budget would have a small surplus this year instead of a $3 billion deficit.
\nEarlier this year, Mr. Flaherty called on the Conservatives to abandon their income-splitting scheme, saying \u201cI think income-splitting needs a long, hard analytical look \u2026 to see who it affects and to what degree, because I\u2019m not sure that overall, it benefits our society.\u201d
\nHe was right. The Conservatives\u2019 new income-splitting scheme (which they call \u201cthe Family Tax Cut\u201d) won\u2019t give a dime to more than 85 percent of Canadian households. But it will cost Canadians $2.4 billion this year alone.
\nWe don\u2019t think it\u2019s fair to ask middle class families to pay to give families like the Prime Minister\u2019s a $2,000 tax break. A Liberal government would focus on helping the middle class instead.
\nThe economic update also showed that the growth rate for the Canadian economy will slow down each and every year between 2015 and 2019 \u2013 and that the recent Conservative tax measures will do nothing to turn it around. That\u2019s not good enough. It\u2019s time for the government to change course, focus on the economy, and start putting Canadian jobs and growth ahead of politics.<\/p>\n

Scott Brison, MP
\nLiberal Finance Critic<\/strong><\/p>\n\"Facebook\"<\/a>\"twitter\"<\/a>\"mail\"<\/a>","protected":false},"excerpt":{"rendered":"

The federal Conservative government will forgo a surplus this year and instead borrow money to pay for income-splitting and other new tax measures, according to its own fall economic update. In the last two months the Conservatives announced more than $3 billion in tax changes for this year, including an expensive income-splitting scheme. If they […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[30],"tags":[],"class_list":["post-9125","post","type-post","status-publish","format-standard","hentry","category-letters-opinion"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p3D2k4-2nb","publishpress_future_action":{"enabled":false,"date":"2026-04-22 14:36:36","action":"change-status","newStatus":"draft","terms":[],"taxonomy":"category","extraData":[]},"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"_links":{"self":[{"href":"https:\/\/www.newspapers-online.com\/auroran\/wp-json\/wp\/v2\/posts\/9125","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newspapers-online.com\/auroran\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newspapers-online.com\/auroran\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newspapers-online.com\/auroran\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newspapers-online.com\/auroran\/wp-json\/wp\/v2\/comments?post=9125"}],"version-history":[{"count":0,"href":"https:\/\/www.newspapers-online.com\/auroran\/wp-json\/wp\/v2\/posts\/9125\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.newspapers-online.com\/auroran\/wp-json\/wp\/v2\/media?parent=9125"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newspapers-online.com\/auroran\/wp-json\/wp\/v2\/categories?post=9125"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newspapers-online.com\/auroran\/wp-json\/wp\/v2\/tags?post=9125"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}