Friday, December 02, 2005

GST Gambit

The Conservative Party plan to reduce the GST is brilliant politics.

By taking an anti-GST stand the Tories are essentially forcing the Liberals to defend one of the most hated taxes in the country – a tax they themselves vowed to scrap back in 1993.

And the more, the Liberals defend the GST the more they will remind people of past broken promises.

Mind you, some economic eggheads say cutting the GST is bad fiscal policy.

Well, I’m no economist, but one thing I do know is that lower taxes are better than higher taxes.

1 comment:

Miles Lunn said...

Both are good policies, but I prefer the income tax cut to GST reduction as income tax cut will affect those who save and invest whereas GST only affects those who spend their money.