Press Grills Harper Over Equalization
During the election campaign, the Conservative Blue book was widely distributed with the following statement:
A Conservative government will:
• Work with the provinces in order to achieve a long-term agreement which would address the issue of fiscal imbalance in a permanent fashion.
• Work to achieve with the provinces permanent changes to the equalization formula which would ensure that non-renewable natural resource revenue is removed from the equalization formula to encourage economic growth. We will ensure that no province is adversely affected from changes to the equalization formula.
The 12 nervous Conservative Members of Parliament recently wrote to the Prime Minister urging him to keep the election promise or risk potential political backlash to their fortunes in the next federal election.