Thursday, March 30, 2006 : Surplus touted for tax relief : Surplus touted for tax relief: "Surplus touted for tax relief
From Thursday's Globe and Mail
OTTAWA � Booming commodity prices are swelling Ottawa's coffers by an extra $2-billion to $3-billion annually -- an unexpected windfall that gives the minority Conservative government more room for spending or tax cuts in the spring budget.
Economists say this would give the Tories the means to preserve some of the Liberal income tax breaks they had planned to repeal this year in order to fund an election pledge to lower the GST.
The unforeseen 'revenue motherlode' being generated by lofty commodity prices should add $2-billion to federal coffers for the current fiscal year ending March 31, says Toronto-Dominion Bank chief economist Don Drummond."

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