{"id":582,"date":"2005-12-01T12:37:00","date_gmt":"2005-12-01T17:37:00","guid":{"rendered":"http:\/\/www.calgarygrit.ca\/?p=582"},"modified":"2005-12-01T12:37:00","modified_gmt":"2005-12-01T17:37:00","slug":"gst-2","status":"publish","type":"post","link":"https:\/\/www.calgarygrit.ca\/?p=582","title":{"rendered":"GST"},"content":{"rendered":"<p>As has been rumoured for awhile, the Conservatives came out today with <a href=\"http:\/\/www.theglobeandmail.com\/servlet\/story\/RTGAM.20051201.welectlead1201\/BNStory\/specialDecision2006\/\">their big ticket item <\/a>&#8211; a reduction of the GST to 5%.<\/p>\n<p>The recent Liberal spending spree when they gave out 5 billion dollars a day is going to make it very difficult for them to attack the loss of 4.5 billion in revenue the first 1% drop will bring. As a result, Martin will paint it as income tax cuts versus consumption tax cuts. Given that people are Christmas shopping, rather than doing their taxes, I suspect this will work in Harper&#8217;s favour.<\/p>\n<p>For what it&#8217;s worth, I think this is a bad policy. You keep the administrative costs and cut revenue. But this gives Harper something he can point to as constructive policy. And it&#8217;s going to be very difficult to argue against (although both sides will trot out hundreds of economists to defend their position).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>As has been rumoured for awhile, the Conservatives came out today with their big ticket item &#8211; a reduction of the GST to 5%. The recent Liberal spending spree when they gave out 5 billion dollars a day is going to make it very difficult for them to attack the loss of 4.5 billion in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-582","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.calgarygrit.ca\/index.php?rest_route=\/wp\/v2\/posts\/582","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.calgarygrit.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.calgarygrit.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.calgarygrit.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.calgarygrit.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=582"}],"version-history":[{"count":0,"href":"https:\/\/www.calgarygrit.ca\/index.php?rest_route=\/wp\/v2\/posts\/582\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.calgarygrit.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=582"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.calgarygrit.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=582"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.calgarygrit.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=582"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}