Posted on 03/05/06
How conservative is the Conservative budget?
Ever aware of the huge middle-class constituency, the Conservatives have crafted a budget that is all political gain -- with perilously little pain. With calculated largesse, the Tories are making cuts in personal and corporate taxes, scrounging up something for just about everyone. There are an astonishing 28 separate reductions, spanning every area where the government pockets revenue, including an innovative tax crediton employment income of up to $500. Buoyed by the commodity price boom, awash in cash, this is a carefully crafted "good news" budget, designed to charm their chosen constituency.
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