
Liberals commit to tax cuts as election looms CBC \|\| November 15, 2005 [KDR: Can you say Buying Votes? It is good to see that he slipped the corporate tax cuts in there too.] Liberals commit to tax cuts as election looms With Paul Martin's minority government facing the threat of defeat within days, Finance Minister Ralph Goodale has introduced a package that combines voter-friendly income tax cuts along with corporate tax cuts and new spending on education, immigration and trade. Article Posted at www.KnowledgeDrivenRevolution.com Appearing in front of the House of Commons finance committee Monday, Goodale presented what the government insists on calling an "economic and fiscal update," though it contains the kind of spending commitments traditionally seen only in budgets. They include: An immediate $500 increase in the basic personal exemption, which leaves more money in the pocket of every Canadian taxpayer. An immediate drop of one percentage point in the lowest personal income tax rate, from 16 per cent to 15 per cent. A plan to restore corporate tax cuts dropped last spring as the price of NDP support in the House of Commons. A $2.75-billion boost in post-secondary education aid over the next five years, as well as a $1-billion higher education innovation fund and $2.1 billion more for university research funding. $3.5 billion more for workplace training programs. A promise of $1.3 billion more over five years to help immigrants settle in Canada. Just more than $1 billion over five years for trade supports. An extra $100 million over five years to help bring broadband internet service to remote communities across Canada. The finance minister also promised to work with provincial and territorial governments to draft a new tax benefit to help the working poor, who often lose more in welfare benefits than they gain in pay when they take minimum-wage jobs. Changes depend on politics Finance Department officials say all the changes, even those labelled as "immediate," must be approved by parliamentary vote. That means none will take effect without the good will of opposition party leaders who on Sunday pledged unanimously to bring down Prime Minister Martin's minority government as soon as possible. A no-confidence motion could come as early as this week, triggering an election in late December or early January. About KDR \| \| Home \| \| Weekly Features Archive	Weekly Weekly Features Archive
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Liberals commit to tax cuts as election looms

CBC || November 15, 2005

[KDR: Can you say Buying Votes? It is good to see that he slipped the corporate tax cuts in there too.]

Liberals commit to tax cuts as election looms

With Paul Martin's minority government facing the threat of defeat within days, Finance Minister Ralph Goodale has introduced a package that combines voter-friendly income tax cuts along with corporate tax cuts and new spending on education, immigration and trade.

Article Posted at www.KnowledgeDrivenRevolution.com

Appearing in front of the House of Commons finance committee Monday, Goodale presented what the government insists on calling an "economic and fiscal update," though it contains the kind of spending commitments traditionally seen only in budgets.

They include:

An immediate $500 increase in the basic personal exemption, which leaves more money in the pocket of every Canadian taxpayer.

An immediate drop of one percentage point in the lowest personal income tax rate, from 16 per cent to 15 per cent.

A plan to restore corporate tax cuts dropped last spring as the price of NDP support in the House of Commons.

A $2.75-billion boost in post-secondary education aid over the next five years, as well as a $1-billion higher education innovation fund and $2.1 billion more for university research funding.

$3.5 billion more for workplace training programs.

A promise of $1.3 billion more over five years to help immigrants settle in Canada.

Just more than $1 billion over five years for trade supports.

An extra $100 million over five years to help bring broadband internet service to remote communities across Canada.

The finance minister also promised to work with provincial and territorial governments to draft a new tax benefit to help the working poor, who often lose more in welfare benefits than they gain in pay when they take minimum-wage jobs.

Changes depend on politics

Finance Department officials say all the changes, even those labelled as "immediate," must be approved by parliamentary vote.

That means none will take effect without the good will of opposition party leaders who on Sunday pledged unanimously to bring down Prime Minister Martin's minority government as soon as possible.

A no-confidence motion could come as early as this week, triggering an election in late December or early January.

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