Quantcast The Pink Book: Oh those wacky Liberals
Search by tag or site Login to my blog ? Start my own blog














TheMoneyBlogs
Home
About
Create your own blog
Contact us
Vote for this blog!

Canajun Finances

My personal views and rants on home finances with a Canadian Perspective

The Pink Book: Oh those wacky Liberals

Posted on 11/28/2006 00:00 AM | Link | Post Comment
Well, I heard on the CBC that the Liberal Women's Caucus had published their Pink Book and was wondering what the fiscal angle of this was (I knew I wasn't going to agree with the policies much, because their point of view assumes (incorrectly, in my opinion) that all women want to "work" outside of the household, but I figured I'd see how much this might cost me, if the Liberals regained power).&13;
&13;
So the highlights of the policies were:&13;
&13;
The Liberal WomenÂ&146;s Caucus proposes that a new Liberal government should:
  • &2;Honour the bilateral agreements signed with provinces and territories to provide a system of early learning and child care across the country. These agreements shouldbe protected by legislation. The original Liberal commitment was for $1 billion ayear for five years Â&150; this level of support must be reinstated as a minimum startingpoint.&13;
  • &2;As a longer-term goal, establish a schedule for federal funding of child care so it reaches one per cent of Gross Domestic Product (GDP) as recommended by the OECD report, Starting Strong II.&13;
  • &2; Re-invest the $1,200 per year, per family, provided under the Conservative governmentÂ&146;s policy in the Canadian Child Tax Benefit (CCTB). The Canadian Child Tax Benefit (CCTB) is already in place and works efficiently and effectively. By increasing the base benefit by $1,200, the overwhelming majority of Canadian families would receive Â&150; and keep Â&150; a $1,200 increase in their Canada Child Tax Benefit (CCTB).&13;
  • &2; Direct the value of the Spousal Credit Â&150; the tax deduction for a spouse at home Â&150; to be paid directly to the spouse, who, in most instances, will be a woman.&13;
&13;
OK, I couldn't resist putting it in pink, my apologies. So what are my opinions (since naturally you are very interested in that):&13;
  1. How is this $1B over five years going to be financed? That's an easy one to snipe at, but I figured I'd state the obvious.
  2. Federal funding of daycare? What about families that don't need daycare? Do they get to share in this?
  3. You are going to take away my $1200 "... beer and popcorn ..." money and reinvest it? Hey, that's my beer and popcorn money, and you are going to take it away now? Oh, ok, you are going to give it back to me in a credit, ok, I guess, but why do I suspect that Credit gets clawed back, because I am far to affluent for my own good?&13;
  4. Spousal credit goes directly to the spouse not working? The language almost implies that the moneys might get taken by the other spouse, so we must be careful to protect that moneys from the greedy spouse!!! Yes, I am being facetious, but still, I always find the wording of this stuff very interesting.
What about Single income families, is my usual comment? Oh and the comment about protecting women from becoming "Barefoot, Pregnant and Tied to the Kitchen" is classic. Whenever my wife was pregnant I made sure she at least wore socks! -C8j&13;
Stock Quote or
Examples
Morpheus Trading - Thu Jul 17, 2008 01:15AM
NOTE: Please click on the charts below to enlarge them if th [read more]
Morpheus Trading - Tue Jul 15, 2008 08:25AM
NOTE: Please click on the charts below to enlarge them [read more]
Morpheus Trading - Mon Jul 14, 2008 02:18AM
NOTE: Please click on the charts below to enlarge them if [read more]

PREMIER SPONSORED LINKS

Most Visited Blogs | Most Popular Blogs | Most Recent Blogs | Contact Us | Terms and conditions | Privacy Policy

The columns, articles, message board posts and any other features provided on TheMoneyBlogs.com are provided for personal finance, education and investment information and are not to be construed as investment advice. Under no circumstances does the information in this content represent a recommendation to buy, sell or hold any security. The views and opinions expressed in an article or column are the author's own and not necessarily those of TheMoneyBlogs.com and there is no implied endorsement by TheMoneyBlogs.com of any advice or trading strategy. The analysts and employees or affiliates of TheMoneyBlogs.com may hold positions in the stocks or industries discussed here. Your use of this and all information contained on TheMoneyBlogs.com is governed by the Terms and Conditions of Use. Please click the link to view those terms. Follow this link to read our Editorial Policy.

Copyright © 2008 The Connors Group, Inc.