Canadian business investment needed to sustain an economic recovery is threatened by Liberal Party Leader Michael Ignatieff’s pledge to scrap planned corporate tax cuts because companies may find it difficult to plan, the head of the country’s manufacturing lobby group said.Well, there you have it. Iffy intends on canceling the tax cuts in order to pay for his home care plan. In turn you have uncertainty in companies. They can't plan, they don't know what the future holds for them. Iffy's plan would be a job killer because companies would have to lay off employees and government revenues would drop due to less income tax, GST being collected. Nice plan eh?
The thing is his coalition partners agree with this plan. To have a healthy economy, you need a healthy private sector. You have to set the proper conditions for the private sector to thrive. That means low taxes, and less regulation. Do we want to let the coalition take over and cancel the corporate tax cuts which would kill investment and kill jobs and that would in turn kill the economy?