Most of the middle-class tax cuts are back-end loaded and the decrease in the marginal rate for taxes above $35,000 do not take place until 2010.
The other fancy trick is to promise the tax cut retroactively so that when the governments falls they can say we missed out on a tax cut. Remember that this "budget" (the third in a year) was not supposed to happen until Feb 2006, so this is just political opportunism not actual policy.
Another interesting point is that over-taxation, at $8.2 Billion, is 3x higher than forecast 9 months ago. What are the odds that it is actually higher than that? That being said, send a thank you note to Alberta oil.
