Monday, January 16, 2012
Meanwhile - in Canada - The economy hums
If my neighbor had greener grass, I'd sure give a lot of thought about copying everything he does to it...
Investors.com had this in a recent editorial:
"On Thursday, Canadian Prime Minister Stephen Harper announced that he will slash corporate taxes again on Jan. 1 in the final stage of his Economic Action Plan, dropping the federal business tax burden to just 15%.
Along with fresh tax cuts in provinces such as Alberta, total taxes for businesses in Canada will drop to 25%, one of the lowest in the G7, and below the Organization of Economic Cooperation and Development average.
'Creating jobs and growth is our top priority,' said Minister Jim Flaherty. 'Through our government low-tax plan ... we are continuing to send the message that Canada is open for business and the best place to invest.'
It's not just that Canada's conservative government favors makers over takers. Harper's also wildly popular for shrinking government. 'The Harper government has pursued a strategic objective to disembed the federal state from the lives of citizens,' wrote University of Calgary Professor Barry Cooper, in the Calgary Herald."
