How ironic that it took a boot from the Conservative caucus for this to occur. I have a lot of conflicted feelings about Garth's blog and the way he loves the media limelight, but I sure do support this particular initiative.
Garth explains how this is a "basic tenet of tax fairness":
Now he (Flaherty) has a benchmark to meet, having said it is a “worthy” thing and that his finance minions will be crunching numbers. Expectations have been risen, and the odds that overtaxed seniors will eventually get a break are mounting. It is simply wrong that good people who lived by the rules of their time should be penalized. With all of a couple’s income flowing through the hands of one person, they are taxed disproportionately to a two-income household making exactly the same amount. Everybody knows this is wrong, and yet it has been relentlessly ignored.
The government would also be wise to consider this from a demographic point of view. Baby Boomers are now starting to enter the retirement phase of their lives. They still have a lot of political clout in terms of numbers and propensity to show up at the polls.
You go, Garth! This could be your greatest moment yet.