XPost: can.politics, ont.politics, bc.politics   
   XPost: sk.politics, man.politics   
   From: ConsRCons@govt.cda   
      
   Or actually, the correct term would be: corporate taxes have been   
   lowered to historic lows by the Harper government.   
      
   And take note of just where the INCREASED 'revenue' came from.  Yep....   
   the average worker.   
      
   And that, folks, is how a right wing government runs anything: give to   
   the rich and take from the working middle class.   
   ___________________________________________________   
      
   Fri Sep 27, 2013 Reuters   
      
      
   Canada July budget deficit widens on hit to revenues   
      
      
   OTTAWA (Reuters) - Canada had bigger budget deficits in July and in the   
   April-July period than it did in the same periods last year due to a   
   sharp drop in corporate income tax revenues, which the government said   
   would be reversed in August.   
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   The federal budget deficit widened to C$1.98 billion ($1.92 billion) in   
   July, compared with a shortfall of C$1.35 billion in July 2012, the   
   Department of Finance said on Friday in a monthly report. The government   
   ran a C$158 million surplus in the month of June.   
      
   Revenues from corporate income taxes plunged 73.7 percent in July, down   
   C$1.3 billion, "reflecting timing issues which lowered July revenues but   
   are expected to raise August revenues," the government said.   
      
   The government's books will take into account some July corporate income   
   tax revenues in August, unlike last year, a finance ministry spokesman said.   
      
   Overall, revenues fell 2.6 percent in the month to C$19.8 billion, while   
   program expenses clawed 0.1 percent higher to C$19.3 billion. Public   
   debt charges increased by C$0.1 billion, or 3.8 percent in the month.   
      
   In the first four months of the fiscal year, from April to July, the   
   deficit stood at C$4.54 billion, up from C$4.16 billion a year earlier.   
      
   Revenues rose 2.6 percent, compared with a 3.4 percent rise in expenses.   
   The hit in July to corporate income tax collection offset big gains in   
   revenues from personal income taxes and employment insurance premiums.   
      
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   The Conservative government has promised to eliminate the deficit by   
   2015, and has predicted a budget shortfall in 2013-14 of C$18.7 billion,   
   equivalent to 1 percent of gross domestic product.   
      
   It plans to do that without any major policy shifts or spending cuts,   
   Finance Minister Jim Flaherty said in August.   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)