Federal budget
Thursday, February 24th, 2005Colour me unimpressed.
The only real tax cuts are to corporations; the things that will help individuals are (a) minor and (b) deferred for 4 years. Oh, except for the RRSP contribution limit: now it’s higher, so if you’re earning 6 figures, you can put away more. If you’re not earning that much, it doesn’t help — the percentage is the same — and in any case most people don’t max out their contributions. (I am working very hard at catching up now, because that whole compounding thing is good, and because I can do it now, and won’t be able to eventually.)
Most of the budget is all about future promises, the rest is about avoiding Joe Clark’s fate — which was never going to happen, because no one was going to be the party that forced another election less than 12 months later. (Why is everyone saying that? Because it’s true.)
NaPo aside, I like that we’ve got the balanced budget thing happening — the point of a budget isn’t to show off how many taxes you can reduce; I dislike the slow, leisurely repayment of the debt. (I also dislike the lack of debt relief to other countries. However: that is not a budget issue, per se.)
Like most people, I don’t have huge objections to the budget, but I’m also underwhelmed by it. But it really came down to this:
Hey, Stephen, here are some tax cuts and money for defense: will you shut up now? (He did.)
Hey, Jack, here’s some money for municipalities, now go away. (He didn’t.)
Fuck off, Gilles.