Wednesday, February 27, 2008

We got ourself a budget

It's that time of year again. Out present government has come out with a budget. The only major highlight is the $5,000 a year tax shelter for savings. Other than that there are a bunch of little payoffs to interest groups hardworking Canadians. Here are some of the highlights:

  • 250 million in carbon sequestration research
  • 400 million for new police
  • establishment of a new crown corporation for EI benefits.
  • funding to lower immigration wait times
  • increased funding for scholarships
  • elimination of the low emissions car rebate
  • bailout money for automotive companies
A subsidy for automotive companies....I think it would be better to have Tom Paxton explain this one.

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