Conservatives propose cutting GST to 5%

As they prepare for the upcoming federal election, Stephen Harper and the federal Conservative party have proposed cutting the Goods and Services Tax by 2% down to 5% from the current 7% tax.

Long controversial since it was implemented under the Mulroney government, the GST was once promised to be scrapped by the Liberals. As irony would have it, now Paul Martin and the Liberals are in a position of having to defend the GST and its 7% rate in responding to the Conservatives election tactic.

The text of the Conservative's promise can be found on the Conservative Party web site: "Stephen Harper to cut the GST to five per cent".

The Liberal Party response can also be found online: "Harper Tax Proposal Wrong for Canadians"

At the time of writing, there were no responses to the proposed GST cut on either the Bloc Quebecois or the NDP web sites.