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Flaherty's fiscal plan

From Wednesday's Globe and Mail

Lowest income-tax rate rises half a percentage point to 15.5 per cent effective July 1

28 tax reductions, including one-percentage-point cut in GST to six per cent on July 1

$100-a-month cheque to parents for each preschool child

$1.1-billion extra over two years for the military, less than expected

Government to find $2-billion in spending cuts over two years, down from campaign promise of $22.5-billion over five years

New Canada Employment Credit to compensate workers for things such as home computers, uniforms and office supplies; $500 this year rising to $1,000 next year

Tax credit to help postsecondary students with textbook costs

All postsecondary scholarships exempt from income tax

$161-million over two years to hire 1,000 more RCMP officers and federal prosecutors who will be asked to focus on the Conservative priorities of drugs, corruption and border security

$1-billion over five years for pandemic preparedness and $52-million per year for the Canadian strategy for cancer control

Money from climate-change programs diverted to tax credit for people who buy monthly or annual passes for public transportation

$450-million over two years for aboriginal housing, education, social programs and water quality and up to $300-million for off-reserve housing, a package smaller than natives would have received under the Kelowna accord

No new money to reduce hospital waiting times

$3-billion-a-year reduction in the debt, currently estimated at $486-billion

No money to deal with provincial demands to resolve the fiscal imbalance

Any surplus over $3-billion may be used to fund Canada Pension Plan and Quebec Pension Plan