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Another View of Newt Gingrich
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<blockquote data-quote="klein" data-source="post: 904060" data-attributes="member: 23950"><p>Our GST was totally created differently, then Cain't 9-9-9 plan for example. Canada used to have an 13.5% manufacturing tax on all it's goods manufactured in Canada. Meaning that GM or Ford comming off the assembly line in Ontario would be hit with an 13.5% tax, and then go into the show room.</p><p></p><p>Now, since the 13.5% manufacturing tax is gone, that same car goes into the show room tax-free, but a 5% GST applies at time of purchase.</p><p></p><p>Canada needed to get away from that 13.5% manu tax to compete globally or even with the US.</p><p></p><p>The poor being taxed more, I doubt, and if they did get the short side of the stick of it, the rebate cheques make it up.</p><p></p><p>Cain's 999 plan lowers income taxes for the rich, and it most cases raises them on the very poor, and if that's not enough, the poor would also pay an additional 9% sales tax.</p><p></p><p>Canada's GST had nothing to do with income taxes, nor corperate taxes, being reduced or raised. A whole different ball-game.</p><p>(implemented 1991 - Jan 1st, btw... 21st anniversary comming up).</p></blockquote><p></p>
[QUOTE="klein, post: 904060, member: 23950"] Our GST was totally created differently, then Cain't 9-9-9 plan for example. Canada used to have an 13.5% manufacturing tax on all it's goods manufactured in Canada. Meaning that GM or Ford comming off the assembly line in Ontario would be hit with an 13.5% tax, and then go into the show room. Now, since the 13.5% manufacturing tax is gone, that same car goes into the show room tax-free, but a 5% GST applies at time of purchase. Canada needed to get away from that 13.5% manu tax to compete globally or even with the US. The poor being taxed more, I doubt, and if they did get the short side of the stick of it, the rebate cheques make it up. Cain's 999 plan lowers income taxes for the rich, and it most cases raises them on the very poor, and if that's not enough, the poor would also pay an additional 9% sales tax. Canada's GST had nothing to do with income taxes, nor corperate taxes, being reduced or raised. A whole different ball-game. (implemented 1991 - Jan 1st, btw... 21st anniversary comming up). [/QUOTE]
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