When the Conservative Party was in opposition they often railed against the governing Liberals for piling up huge surpluses of tax dollars while never bothering to offer Canadians an income tax cut in return. Now the Conservatives are in government and the surplus continues to rise, increasing $2 billion in the last three months alone. This means the total surplus will probably end up being considerably greater than the Conservative’s original $8.9 billion estimate.
And yet despite it all, Prime Minister Harper says he has no plan to cut income tax for Canadians. On the contrary, he has actually increased it.
I work at a student newspaper which is funded by the college. And when we rack up high surpluses the college simply gives us less money to spend for next year. I wish politics was that simple.