Wednesday, July 25, 2012

In praise of Tory Canada

Forbes magazine praises the policies of HM Canadian Government. The Tories have a lot more work to do!!! So how is Canada outperforming the U.S.? First of all, the Conservative Party of Canada has reduced its federal corporate tax rate from 22% in 2006 to 15% in January 2012. (It was cut to 18% in January 2010 and 16.5% in January 2011.) Meanwhile, U.S. rates have been consistently higher than the average of all major industrialized nations. In April 2012, Japan reduced its corporate tax rate to 36.8%, making the U.S. total corporate tax rate (39.26%) the highest. The Conservative Party of Canada, led by Prime Minister Stephen Harper, also passed a budget loaded with real cuts last March. Clement explained, “We cut 2% from the overall budget, but we didn’t touch health care and other entitlement spending, as we’d promised not to. Our overall budget is about $250 billion. We focused on the $80 billion that’s outside of health care and other social programs. Of this portion our goal was to cut between 5% and 10%. We ended up cutting 6.9%.”

1 comment:

Pissedoff said...

If it is so good, how come the price of oil is going down and the price at the pumps is going up?

I Support Lord Black