Layton bill means farewell to tax cuts

[bigdude]

Jack Layton bill means farewell to tax cuts

Last month, the NDP's Jack Layton squeezed Prime Minister Paul Martin for $4.6-billion in extra social and environmental spending. This will come at the expense of tax reductions to large companies.A few days ago, Finance Minister Ralph Goodale tabled Bill C-48, also known as the Jack Layton bill. It's designed to make sure the NDP gets its $4.6-billion in the current and next fiscal years. Smart move by Mr. Layton.

The legislation would guarantee that any budget surplus above $2-billion can be spent. The fiscal year ends on March 31. In the autumn, the final surplus for that year is calculated. History shows there is always a surplus. The first $2-billion of the surplus will go to debt reduction. The rest can go out the window, without parliamentary approval, to finance programs that have yet to be defined. The only restriction is that the payments under the Layton legislation cannot exceed $4.5-billion over the two years.

The legislation in effect puts limits on debt reduction. In past years, it has typically been well in excess of $2-billion. It would also seem to put tax cuts on hold unless the surplus is much higher than forecast (if it's lower than forecast, Mr. Layton might not get all his loot).

By all accounts Canada can easily afford this revised budget created by the Layton New Democrats.

Finally Canadians are going to get a budget they basically voted for and want.

The Leader of the New Democrat's support amongst the voting public will only grow as a result.

[RonnieWood]

I completely agree dude!

Hopefully it will help people who aren't very involved with politics realize that a vote for the NDP is NOT a 'wasted vote' anymore

[Bro]

And hopefully we can bid a farewell to Jack after the next election.This guy is not out to help people,he is the biggest grand stander in the recent history of politicians.

[bigdude]

And hopefully we can bid a farewell to Jack after the next election.This guy is not out to help people,he is the biggest grand stander in the recent history of politicians.

<{POST_SNAPBACK}>

Well the audience in the stands is beginning to appreciate the Lack Layton New Democrats and I would surmise that they will only grow in popularity as more and Canadians get fed up with the Barnam & Bailey circus act being performed by the Harper - Martin - Duceppe trio!

Imagine suggesting that you wanted MPs on the other side of the House to get ill because you are such a poor loser in your desperate bid for power, or engineering a voting process around whether or not someone is going in for a cancer operation. How pathetically sad!

[cybercoma]

The only thing I like about Jack Layton is that out of everyone in Parliament right now, he's the only one that has specific goals to accomplish and is getting things done in an unwavering manner. He has stood for his party's beliefs and whether I like it or not put them into action.

What's even better is that he has made no qualms about voting against the liberal government once the budget is passed. If Stephen Harper would've just settled down and continued pointing out the damning evidence from the Gomery inquiry, he could've had the NDP on his side after the budget passed.

As much as I disagree with the NDP and as funny as it is to picture Jack Layton as the leader of the kids table during thanksgiving dinner, he really does have all the other party leaders on a leash. While they sit back and fight he's actually getting things accomplished.