Winnipeg Free Press

Winnipeg Free Press (Newspaper) - November 13, 1981, Winnipeg, Manitoba 4 Winnipeg free november y opposition Steps All Over liberals Turkey Trot budget Sot Elfi 22 iwo Clark Nih i7i by Michael Doyle free press Ottawa leaders of both opposition their finance specialists and others damned the new Federal budget As a Shell do nothing document and worse last even removal of major tax loopholes for executives did nothing for nip Leader de Broadbent and finance critic Bob opposition Leader Joe Clark said the budget does nothing to get at the heart of Canadas economic prob he didst mention that though there preaching there in creasing their own expenditures by a photo some 22 per Clark although the budget met Clarks repeated demands for Aid to homeowners and Small the opposition Leader was by no Means very limited Aid has been Given to he a guarantee for deferred interest rates within limits does not mean wed ont know what within limits Means in my judgment it does not Honor the solemn Promise of the minis Ter to come to the Aid of of Home a Promise for Small business Bond development is equally he for the it amounts in effect to a Shell Clark said finance minister Allan Maceachen has told part of the truth of the hardship to be suffered by i Dividu he said the budget said nothing about the fact the average Canadian family will be paying a year for extra Energy costs brought in by the the Impact upon Confidence in the i think will be very he i think that people were looking for a Clear statement of direction from the government of they did not receive what they got was preaching behaviour for i think that the budget tonight can Best be characterized As a Shell former progressive conservative finance minister John Crosbie whose budget two years ago led to the defeat of Clarks Short lived minority govern said Maceachen was just tin Kering with the budget and labelled the document Maceachen Turkey Trot step two Steps a budget that going to accomplish Broadbent rated the budget on a scale of one to 10 As minus a budget that comes out at a time when were in recession then forecasts increasing unemployment in the next three years without one new Job Crea Tion program has to be seen As a he a budget that acknowledges for the fifth year in a Row that the prices paid by canadians Are going to outstrip wages and salaries has to be a discs a budget that pretends to fill in the loopholes in a tax system that has benefited the Rich on the one but reduces on the other hand the rate at which they pay taxes in general the one almost totally cancelling the other one out to be a he Broadbent said the budget is a deceptive budget and apart from the its going to be discs we needed a budget that would stimulate the Economy and weve got one that would depress the Economy Broadbent criticized the housing pro saying even the very Small number who Are going to get assistance will have to increase their debts with the Banks before they get As for Aid to the govern ments plan to increase rental accommodation by units is not even enough to meet the needs of Vancou let alone the whole he housing minister Paul cos Grove should its totally disastrous in terms of whats needed in Cosgrove said the important thing to remember is that the government kept its Promise of the throne speech to help those worst in to Ding on defence 17 this be space shuttle Columbia rides under huge Booster tanks into Earth orbit shuttle astronauts Hope to exercise Canadian Arm continued from Page 1 Sid Erable vehicle what would be the Impact if both remaining cells failed wed have no the lights would go and wed lose the Lehi but Hutchinson said Mission control specialists have Confidence in the remaining today main duty was exercising a 16metre mechanical Arm which will be crucial on later flights for placing satellites in orbit and retrieving pay loads for the Canadia built robot unable to lift its own weight on is capable of deploying satellites in jointly developed by spar aerospace of Toronto and the Canadian ver ments National research coun the arms will installed on an even Tual Fleet of Between four and 12 the astronauts also scheduled extensive test firings of the ships steering jets overcoming several tech Nical problems which had seen its second launch postponed eight blasted away from Cape canaveral yesterday soaring into orbit As the first vehicle Ever to make a return trip to the Early portion was As successful As aprils Maiden but Engle and truly soon were Grap pling with a number of minor technical most easily neither they nor Mission could Cope with fuel cell 1 one of three such units that produce electricity and drinking a Small passage that channels Hydrogen became causing water to Back preventing its removal and reducing the cells capacity to produce had the problem been allowed to the drinking water could have become contaminated and the possibility of a Small explosion officials continued from Page 1 but the finance department estimates 12 million taxpayers will pay an average less of million Are people who earn less than a about taxpayers will see their Federal tax according to a departmental estimate of the combined effect of All tax people who earn up to a year will see a 33 per cent reduction from what they would normally have assuming indexing had been someone earning to would save per although he May be penalized by tightened tax big corporations get a tax depreciation write offs have been reduced and a five percent surtax which was supposed to have ended this year has been employment minister Lloyd a Pithy gets million to spend on native Job but the Cabinet minister from Manitoba has nowhere near the Money to spend this time around that he was allocated in the last the much criticized Western development fund which never got spent been gutted and Mac Eachen gave indications that the controversial Crow nest pass freight rate will be changed after the finance minister decided to keep personal tax a system which pegs tax deductions to the finance minister announced lower pay Cheque deductions for unemployment insurance from per of insurable earnings to employers get a reduction of their contributions per employee to from theres a lot in the budget to please the United which had been angered by the National Energy plan brought Down in the previous Maceachen has provided for a 17 per cent increase in defence spending this year and plans an 18 per cent increase next he has budgeted for a drastically lower Federal deficit and he said last night that he came in billion under what he had estimated in his last i now expect that the deficit this fiscal will be much lower billion compared with the billion projected a year Maceachen said he also wants to Cut his own government expenditures and he has asked the Federal Treasury Board to find million Worth of reductions in overhead costs and to manage its buildings and other assets and the foreign investment review which so angers will not be strengthened As Industry minister Herb Gray had its under review and the wording is so soft it could give Rise to Specula Tion that Fira May even be Wea the finance minister said inflation is the country 1 enemy and he called upon canadians to exercise re he appealed to the people to understand that he is making a bid to kill off inflation once and for budget considers fringe benefits As taxable income court told accused asked to have building torched continued from Page 1 Dies As income and face taxation if the subsidy is to buy company they would also be taxed if the loan is More than and used to buy a d the Benefit of company cars will be counted As income to the tune of 80 per cent of the Cost of lease or per cent of the cars Purchase Price for each month the car is made available for personal d contributions for supplementary health insurance and dental insurance by a company Are counted As a Benefit for the employee and will be taxed As income from d free transportation such As airlines provide their and lodging assistance will be taxed at appropriate certain dismissal and termination pay which had been tax free now becomes d the rules on putting retirement allowances into rasps have been tight ened to a maximum per year for each year an employee worked for his senior executives had been paying themselves hundreds of thou Sands of dollars on retirement and shooting it into rasps to avoid the budget d business firms will no longer be permitted to deduct their contributions to a deferred profit sharing plan which provides benefits to principal share holders of the firm and that Type of plan will not longer be accepted in the full tax rate d personal service corporations set up by senior executives to convert employment income into business income eligible for Small business tax incentives will now be subject to the full tax d deductions for support payments to nonresident dependents will be limited to payments made to a taxpayers spouse and d the deduction on income annuity contracts and Reserve provi Sions for capital gains will be discontinued while a new Forward averaging mechanism will be set up to ease the Burden on those whose incomes flu Cut these and a Host of other changes bring in Only billion compared to projected government revenues of continued from Page 1 i Sionski was charged after skor Bohach told his Story to to skor Bohach moved away from Winnipeg about three weeks after the but refused to answer questions about where he testifying under the Protection of the Canada evidence skor Bohach told the court about his initial meeting with Horrocks at a bootlegging establishment he ran with another Man in an Alfred Avenue skor Bohatch told police Hor rocks approached him a week be fore the fire and asked him to Burn Down a building for a Friend of his he didst Tell me what building it although he said it was insured for about a Hal million he gave me a key that he said was to the Back door and a Busi Ness card from the West Kildonan Bowling Alley Horrocks told me that was the place they wanted torched and that the owners name was prices higher Ottawa up consumer prices were per cent higher in october than they were a year statistics Canada said higher housing charges were blamed for much of the which pushed the rate up from per cent recorded in september and Back to the level for the rate remains under the 30 year record of 13 per cent recorded in dampening the increase in prices were food costs which dropped for the second consecutive the Index measuring food prices declined by per cent Between Early september and Early following a drop of per cent a month lower prices for selected beef fresh fruit and vegetables and sugar were largely responsible for the increased Reading and education higher prices for alcohol and tobacco products and higher transportation charges All were major contributors to the on percent Overall increase in prices during other factors adding substantially to the increase in prices were increased natural Gas rates in several Ontario cities and higher Telephone Pri Marily in Ontario and via court action stalls Saint up the City of Saint John will not go ahead with court action aimed at stopping planned cuts in via rail service unless a Federal court decision wednesday on a similar action in Saskatchewan is a the City filed a statement of claim last Friday in the Federal coif for a declaration that the government order approving the cuts was the City also filed for unspecified damages arising from the loss of the Atlan tic a Halifax Montreal train that passes through Saint in Justice Frank Collier rejected an application by several Saskatchewan groups for an in Junction to Stop the cuts in rail passenger service scheduled to take effect who had a lengthy criminal record until said Horrocks told me they would Tell me when to do the building so he and wish Couch setup an Alibi for skor Bohach reported his conversation with Horrocks to City police Gregory Kurdydyk and showed him the key and Busi Ness he a week the Bowling Alley burned skor Bohach said Horrocks and whom he Learned was win visited his bootlegging establishment in Hor just out of was sporting a Bandage on his his eyelashes and hair were we had a drink and we talked about the fire and the effects the gasoline had on blowing the Walls skor Bohach i laughed at them and told them that will teach the amateurs to mess around with a profession it was at that time that wish agreed with me and said he would have preferred if i had done skor Bohach called Kurdydyk then left for he said he got word a year later that Kurdydyk had been trying to get in touch with when he Kurdydyk told him an insurance company May be offer ing a Reward for information Lead ing to a conviction in the Kurdydyk testified the investigation had been left on the Back Burner until police were contacted by insurance company lawyer Robert whose Call got it going skor Bohach showed up in Mcdonalds office three weeks he Fie before Justice Louis on a 198riebaron then get from your Winnipeg Chrysler dealers Dodge Al Al Goodne trucks Chesier 18 Days and counting ;