Wednesday, April 27, 2005

Snorting all the way to the trough and back again

Andrew from Bound by Gravity has a nice roundup of figures and commentary concerning the Layton-Martin alliance.

Citing Paul Wells,

Total value of cancelled tax cuts, under the NDP-Liberal deal, for 2004-05:$0

Total value of cancelled tax cuts for 2005-06:$15 million

Value of cancelled cuts for 2006-07:$30 million

..for 2007-08:$45 million.

Value of $45 million, as a fraction of total projected federal budgetary revenues in 2007-08 ($220.377 billion): two one-hundredths of one percent.
and from Andrew Spicer:
The CBC reports that the proposal deal includes:
* $1.6 billion for affordable housing construction, including aboriginal housing
* $1.5-billion increase in transfers to provinces for tuition reduction and better training through EI.
* $900 million for environment with one more cent of the federal gas tax going to public transit
* $500 million for foreign aid to bring Canada in line with promise of 0.7 per cent of GDP
* $100 million for pension protection fund for workers

This ought to look interesting to people who have been arguing that the federal government should pay more attention to the needs of cities. Affordable housing construction and another cent on the gas tax will certainly help Toronto.

Bono also ought to consider switching over to NDP support. His man Martin recently told him that he can't commit to spending 0.7% of GDP on foreign spending by 2015 because he's not sure if we can afford it. Suddenly when Jack comes calling it looks pretty easy to afford, ten years early.
Bound by Gravity delivers the punch line:
You know how the the deal that Paul Martin made with the NDP was contingent on scrapping those paltry corporate tax breaks? Well, less than 24 hours after agreeing to Mr. Layton's demands, our Prime Minister has already backstabbed the NDP leader:
Now, Martin is offering the tax cuts back to the Conservatives as a separate piece of legislation. Of course, those cuts are scheduled for long after the expected lifetime of this government, anyway, so I'm unclear on what good they're supposed to do. The reality, of course, is that Martin thinks that he can be "clever" and prove that the Conservatives aren't really interested in working with the government