The Canadian Press

2005-11-14 | Election Fiscal

Preview Clip

It was called an economic update but the opposition called it a pre-election grab bag. Finance Minister Ralph Goodale announced November 14th that the Liberals would use part of the surplus to hand out 30 billion dollars in tax cuts. (Goodale said the move was possible because the surplus could grow to close to 100 billion dollars over the next five years.)

Date: 2005-11-14
Placeline: OTTAWA, Ontario.
Source: The Canadian Press
Length: 21 seconds

Transcript Prediction: << the tax relief measures that I've announced today will add up to more than 30 billion dollars over five years with the vast majority of that benefit some 95% of it flowing to individuals and families in fact close to two-thirds of the benefit will go to those earning $60,000 or less >>