Tax policy homerun

Apparently the Conservatives are seriously considering income splitting .  What is income splitting?  It's a family friendly policy where by the income of the family unit is split in half and shared equally at tax time.  So a single income family would see a serious reduction in the amount of tax they would pay, and even a two income family where both did not earn the exact same amount would benefit.

 

It would be an outstanding move.  The Conservative Party approved a motion at the convention endorsing the idea overwhelmingly in 2004, but it didn't make it in to the platform that year.

 

This is by far the best tax move they can make for the country in the long and short term - because it encourages and assists the family unit, reversing decades of bad policy.  Politicians are always talking about doing things "for the children".  This would be one of those moves.