About all this talk about cutting taxes
Second, the supposed leak about the Conservatives cutting the GST to 5%. Sounds like great electioneering. Bad fiscal policy. The GST isn't hurting productivity as much as capital taxes, payroll taxes and income taxes. The only good thing about cutting the GST is that it helps out low income people. But a lot of the "working poor" would get more help from a significant increase in the personal exemption. Plus every tax payer would get that benefit. I would just mean the most to low income people.
But if the Conservatives want to campaign on cutting the GST - lets do it. The Liberals will have one hell of a time dealing with that.