Wednesday, February 21, 2007

Quebec is a disaster...(UPDATED: BC budget full of pork)

The good news:

  • They are cutting taxes -- including cutting the manufacturers capital tax.

The bad:

  • The province is in debt to the tune of $122 billion, and they are forecasting a $1 billion deficit. In election years, that tends to be code for $4 billion or so.

Then there is BC....

The good news:

  • $1.5 billion in tax cuts -- including a 10 per cent cut to income taxes.

The bad news:

  • HUNDREDS OF MILLLIONS in new spending.

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