Ben's Astonishing Site

Wednesday, May 03, 2006

Tory Budget Summary

The first budget from Stephen Harper's minority government targeted middle-class voters yesterday with $26-billion over three years in highly visible tax cuts that Canadians will notice in stores, on buses and at work. And I don't like it - if forced to reduce my position I think the reduction of the GST is a step back for our social programs as I still am a strong believer in government spending not discretionary individual spending.

And what of the campaign promise to improve support of Canada's Forces? The troops received a pittance!

The budget lays out 28 separate tax reductions, many of which are targeted measures chosen in a clear effort to appeal to working families and to make tax relief tangible for Canadians.

"Canadians pay too much in tax. It's holding families back," Mr. Flaherty told the House of Commons as he tabled the first Conservative budget in 13 years. "It makes it harder for small businesses to create jobs and opportunities. It discourages innovation and investment."

The cuts include a promised one-percentage-point reduction in the GST, tax credits for public-transit users and youth-athletic programs, and a $1,000 grant for apprentices, among several others.

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