27 January 2009

UPDATE: Several billions in tax cuts?

UPDATE: Tories hint at tax cuts for people earning under $80,000. Also rumoured: planned corporate tax cuts will be sped up.

So continuing with the game of Guess What's in the Budget ...

There's the $6 billion announced in previous orchestrated leaks, the just announced $7 billion for infrastructure and the $13 billion deficit already on the books for 2009/10.

Since Harper revealed on January 17th that 2009/10 will deliver a $34 billion deficit, that leaves $8 billion for more goodies yet to be revealed.

Given the vague and frequent mention over the past week of temporary and permanent tax cuts, likely those will form a good chunk of the remainder - and largely for corporations and the middle class.

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