90.5 Goods and Service Tax and Debt Reduction
Whereas, Canada’s national debt is now high enough to threaten the economic health of the country, particularly the well-being of the middle and lower income Canadians, already facing hardship due to higher levels of income tax; and,
Whereas, The revenue generated by the GST is estimated to exceed the Manufacturer’s Sales Tax by $7 billion or more; therefore be it,
RESOLVED, That NCWC urge the Government of Canada to limit the rate on GST to the revenue needed to replace the Manufacturer’s Sales Tax and direct its attention to assuring cost-effective government as being one of the best means available of addressing the problem of the National debt.