NDP Platform Policies

msj · April 9, 2011

The cpc gets a pass because of what we have for alternatives. Martin had resigned as leader, and who knows what leader the libs would have stuck in, and the ndp which no pro business person would touch with a forty ft pole.

Its a price to pay to keep a somewhat business friendly govt in power.

Ah yes, the all useless and weak minority government status of the CPC strikes again. Must give them a majority and they will implement policies they really want to implement. :rolleyes:

Had you been listening to the proposals you would have known that the Liberals implemented the eligible dividend system that we currently enjoy.

This integrated income taxes between corporations/shareholders quite well making it so that a corporation/shareholder income taxes were the same as the trust/unit holders income taxes.

The next step would have been, as proposed by the Liberals in 2008, the implementation of a refundable tax in the same way the RDTOH (refundable dividend tax on hand) works at the corporate level.

IIRC, the proposal was for a 10% "tax" that would flow through and be refundable by domestic unit holders but foreign unit holders would not get the refund.

Last time I checked, 10% is less than 15% so even foreign unit holders would be better off under this scenario since they not only see less after tax cash from the corporation (since the corp is paying tax at 15%) but are also paying withholding tax (depending on where they live/tax treaty status) of 5% to 15%.

blueblood · April 9, 2011

Ah yes, the all useless and weak minority government status of the CPC strikes again. Must give them a majority and they will implement policies they really want to implement.

Had you been listening to the proposals you would have known that the Liberals implemented the eligible dividend system that we currently enjoy.

This integrated income taxes between corporations/shareholders quite well making it so that a corporation/shareholder income taxes were the same as the trust/unit holders income taxes.

The next step would have been, as proposed by the Liberals in 2008, the implementation of a refundable tax in the same way the RDTOH (refundable dividend tax on hand) works at the corporate level.

IIRC, the proposal was for a 10% "tax" that would flow through and be refundable by domestic unit holders but foreign unit holders would not get the refund.

Last time I checked, 10% is less than 15% so even foreign unit holders would be better off under this scenario since they not only see less after tax cash from the corporation (since the corp is paying tax at 15%) but are also paying withholding tax (depending on where they live/tax treaty status) of 5% to 15%.

That must have been part of that green shift proposal in 2008. That would have had to have been put in or there could have been problems. I don't know how it would work out politically with all that revenue from the carbon tax. I don't buy the libs would have popped in the tax reductions in other areas with this system in place. I think they would have kept spending more, keeping in the trend line with the minority govt since 2004. There was just so much spending going on, and we have to look at who's running the liberal party.

msj · April 9, 2011

That must have been part of that green shift proposal in 2008. That would have had to have been put in or there could have been problems. I don't know how it would work out politically with all that revenue from the carbon tax. I don't buy the libs would have popped in the tax reductions in other areas with this system in place. I think they would have kept spending more, keeping in the trend line with the minority govt since 2004. There was just so much spending going on, and we have to look at who's running the liberal party.

:rolleyes:

Of course, of course.

We all know that the CPC could never be seen borrowing an idea from the Liberals and implementing it.

That would be too "coalition" like.

blueblood · April 9, 2011

Of course, of course.

We all know that the CPC could never be seen borrowing an idea from the Liberals and implementing it.

That would be too "coalition" like.

Same goes for the liberals taking ideas from ol' preston manning and the reform party during the 90s

Harry · April 10, 2011

I think they are about to carry the NDP release of its platform live on CPAC

Harry · April 10, 2011

Is this going to increase the NDP vote share? Perhaps.

NDP pledges 'immediate action' in 5 key areas
http://www.cbc.ca/news/politics/canadavotes2011/story/2011/04/10/cv-election-ndp-layton-platform.html#

Shady · April 10, 2011

1. Hiring more doctors and nurses.

That's great, if there's actually an abundance of doctors to hire.

2. Working with the provinces to strengthen the pension systems, with the eventual goal of doubling benefits

Only if there's a doubling of pension contributions. If not, it's a recipe for a fiscal disaster. Especially when combined with the hiring of more doctors and nurses. How much new spending is that already?

3. Giving small businesses a tax cut and introducing targeted job-creation tax credits.

Targeted job-creation doesn't work and is tantamount to trying to micromanage the Canadian economy from Ottawa. Small business tax cuts would probably be a better idea than the latter.

4. Capping credit card fees at prime plus 5 per cent, while taking federal sales tax off home heating.

I agree with capping credit card increases, but not initial fees. Taking federal taxes off home heating is probably a good idea.

5. Working to "fix" Ottawa to stop scandals and encourage co-operation between parties.

This one is great soundbite, and much easier said than done. Essentially it's a "can't we all just get alone" kind of deal, which is pretty meaningless if you ask me.

Smallc · April 10, 2011

That's great, if there's actually an abundance of doctors to hire.

If there aren't doctors and nurses to hire for this, there aren't doctors and nurses for the parallel private system that you advocate for.

Only if there's a doubling of pension contributions. If not, it's a recipe for a fiscal disaster. Especially when combined with the hiring of more doctors and nurses. How much new spending is that already?

Well of course there would be an increase in contributions (it wouldn't actually have to be a doubling, according to some estimates). The CPPIB manages the money from CPP contributions. Nothing comes out of general revenue. This isn't new spending at all.

Targeted job-creation doesn't work and is tantamount to trying to micromanage the Canadian economy from Ottawa. Small business tax cuts would probably be a better idea than the latter.

Agreed.

I agree with capping credit card increases, but not initial fees. Taking federal taxes off home heating is probably a good idea.

Agreed.

This one is great soundbite, and much easier said than done. Essentially it's a "can't we all just get alone" kind of deal, which is pretty meaningless if you ask me.

Triple agreed. The US President is an example of attempts to compromise no matter the cost.