hiking pension deduction a 'job killer'

http://www.cbc.ca/news/business/taxseason/story/2011/02/22/f-taxseason-cpp-future.html

(D - now I know why CARP used that exact term: job killer.)

(D - the pitch.)
The idea of gradually boosting CPP payouts and premiums is supported by several provinces, seniors groups and unions. The Canadian Labour Congress is the main labour group spearheading the drive to double CPP payouts by 2050...

(D - I can guarantee their proposal will 'incidentally' suggest the Boomers should be eligible for this maxed-out rate.)

By "modest," the CLC means an extra 0.43 per cent increase in contributions each year for the next seven years — a maximum of an extra $185 in the first year, rising to an extra $1,298 in seven years' time.

(D - the retort.)

The Canadian Federation of Independent Business, which represents more than 100,000 smaller businesses, says research it commissioned suggests the CLC's proposal to eventually double CPP benefits would be a job killer.
Ten years into its "full shock" scenario, a cumulative total of 1.2 million person-years of employment would be irretrievably lost, it says. The CFIB-sponsored analysis also says wages in the long run would be forced down by 2.5 per cent as people are forced to transfer current savings to the future.

"Putting more of today's earnings aside for tomorrow will put more of today's spending power aside as well," says the CFIB's chief economist, Ted Mallett.

The CFIB also refers to what it calls the "crowding-out effects" of increasing CPP premiums.

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D - all of these proposals to hike pension benefits ignore who is paying for them versus receiving them. Funny how they are suddenly very popular now, what with the Boomers preparing to retire en masse. So they did not save as much as they would have liked in the most incomparably lucrative working careers any generation before or since will ever see. Well, TOUGH.
Funny how it suddenly becomes 'fair' to try to squeeze a bit more blood from the GenXYZ stone then.
Fair, my A*S!