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Fiscal favours are eroding our tax system
Wednesday, March 23rd, 2011
Mar 23 2011
… every one of the Conservative budgets since 2006 has announced an array of new subsidies to be delivered through the tax system. Though their individual price tags may seem modest, they add up to a major drain on revenues. This budget alone would reduce federal revenues by almost $300 million per year once the new personal tax credits are fully phased in. It is not easy to justify giving fiscal favours to some groups over others. Doing so erodes one of the most fundamental principles of our tax system: that people in similar circumstances should bear similar tax burdens.
Tags: budget, ideology, tax
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