XPost: can.politics, ont.politics, bc.politics   
   XPost: sk.politics, man.politics   
   From: alangbaker@telus.net   
      
   In article ,   
    Con?RCon?  wrote:   
      
   > 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.   
   >            ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^   
   >   
   > 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.   
   >   
   > ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^   
   ^^^^^^^^^^^^^^^   
   > ^^^^^   
   >   
   > 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.   
      
   Amazing...   
      
   You cannot comprehend that if companies make less money, they pay less   
   taxes...   
      
   --   
   Alan Baker   
   Vancouver, British Columbia   
   "If you raise the ceiling four feet, move the fireplace from that wall   
   to that wall, you'll still only get the full stereophonic effect if you   
   sit in the bottom of that cupboard."   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)