Before I start, let me just say that the Leafs got pummeled tonight, my lord. That should make a few of my Ottawa friends happy. Arsenal won their Carling Cup match today, so I can’t be worried, the world still has meaning… Now for the budget.
I can’t wait to see the reactions this budget causes now that MPs staffs have had the chance to peruse Harper’s new budget in detail. Harper made several claims about this budget in his address in London Ontario on the 24th of October. Some of these included:
- Cuts the taxes paid by Canadian individuals, families and businesses of all sizes.
- Cuts two dollars in taxes for every dollar in new spending.
- To deliver $20 billion in tax cuts to Canadians over the next two years.
- 29 different taxes reduced. (We’ll see which 29)
Harper also stated that, “…there will be no capital gains tax on securities donated to charity. Which will mean a major infusion of new money to social and cultural agencies across this country.” It will be interesting to see whether this will also indicate that Harper plans to cut additional government funding from social programs…. On second thought that probably isn’t much of a question, I suppose the real question is how much he’ll cut. We’ll see….