Sergei Glaziev, leader of the Russian Rodina (Motherland) party has revealed that he plans to stand against President Putin on a platform of higher social spending paid for by additional taxes on mineral extraction firms.
According to Glaziev’s plans, he expects to raise an extra $13 billion from the natural resource sector which he intends to plough into improving education, science and other more socially orientated spending commitments. Glaziev calculates a large part of these revenues will be met by an anticipated $7 billion increase in profit taxes from the oil and gas industry in 2005.
Glaziev’s fledgling Rodina party was formed midway through 2003, and won some 10% of the vote in last December’s elections to the Duma. However, he intends to seek endorsement to run against Putin by collecting the signatures of 2 million voters before the deadline at the end of the month, rather than run as a party candidate, as laid out by the Russian constitution.
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