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Federal Liberals put tax cuts on election agenda
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CTV.ca News Staff
Date: Fri. Oct. 21 2005 6:51 AM ET
Canadians can expect income tax cuts to be on the election agenda, with reports Prime Minister Paul Martin's Liberals plan to introduce and run on a broad-based tax cut plan.
Citing an unnamed government official, The Canadian Press reports that the Liberals are now deciding how best to tell Canadians about the plan.
"There are several different tax brackets covered by this. It's broad-based,'' one government official told CP.
Some hint of the scope of the government's plan is expected in its economic statement due following the release of the highly anticipated Gomery report next month.
According to CP, sources say Canadians could learn of the tax cuts -- if Gomery's report on the sponsorship program inquiry threatens to topple the minority Liberals.
Otherwise, Martin is expected to keep details of his tax cuts under wraps until Finance Minister Ralph Goodale tables the next federal budget.
The federal Conservatives, led by Stephen Harper, are also expected to contest the next federal election on a tax-cut agenda.
The Liberals hinted at their economic plan's branding -- as a "Prosperity agenda" -- in the Surplus Allocation Act recently passed in the House of Commons.
Under the terms of that bill, any federal surplus that exceeds the official fiscal forecast will be divided between income-tax relief, social program funding and debt relief.
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