John McCallum at the Finance Committee

On October 19th, 2006. See this statement in context.

October 19th, 2006 / 3:45 p.m.

Liberal

John McCallum Liberal Markham—Unionville, ON

I know in the Department of Finance they have various economic models showing that the effects on productivity or wealth are significantly greater for an income tax cut than for a GST cut. I know that OECD and IMF economists all converge on that point.

Do you agree that from a competiveness or productivity point of view, income tax cuts are more efficient than reductions in consumption tax?

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