NDP to spend 18 billion more a year

Yikes! By year four of their campaign, the NDP promise to spend an additional 18.1 billion dollars a year on their pet projects.

This should put a halt on their drive to Stornway.

The NDP have no clue on economics. In year 1, they would spend an additional 8 billion in new spending. They will pay for this by spending the surplus, pulling the troops out of Afghanistan, rolling back the corporate tax cuts the Conservatives instituted in the last budget. The NDP would increase taxes on corporations by raising the tax rate to 22.12 per cent from 19.5 per cent

One has to ask himself, why does Jack Layton hate the working Joe so much?

The NDP's big Shift
As far back as the sixties, empirical studies of corporations with respect to taxes have been made. They have found that corporate income taxes are shifted, even in fact over-shifted. An important implication of this shifting is that cost of corporate goods and services are increased enough to pass the tax on to consumers.

Also, "... a 10 percent increase in the effective corporate tax rate reduces aggregate investment to GDP ratio by 2 percentage points. Corporate tax rates are also negatively correlated with growth, and positively correlated with the size of the informal economy."

Don't believe me? Google "economic effect of increased corporate taxes" and educate yourself.

I have to wonder what the NDP really think that corporations do with their profits? I swear, I bet Jack thinks there is a really big mattress tucked away somewhere, and that is where all the corporate profits end up. They obviously think this.

Realistic people know that corporate profits go towards new R&D, new investment, to fuel growth (new jobs), increased salaries or benefits, and many more ideas like this.

Corporate tax increases are bad for economy. In this time of global economic uncertainty we should not risk our standard of living to tax the very institutions that provide the jobs, the capital, investment, and growth that make this economy as robust as it is.

Their is a reason that the NDP are not considered good stewards of our economy, and this platform amply demonstrate why.

We can all thank god that the NDP will not win this election. Thank God!

We're better off with Harper.