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Waterloo Chronicle (Waterloo, On1868), 27 Feb 1991, p. 1

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(5hiiii'iiRiiiicle E lBIA seeks plan for the '90s come tax, smokers were hit hard. The price of tsigamttas jumped86aearton,orhieenta for I package of 25, effective midnight last night. The fed- eral excise tax hike will bring the treasury an additional $1,4 billion. initiating; job training; social housing; and foreign aid. Wilma bu not tat-gm to 1m ttttlation rates from " per out this year to two per cent by 1996. Be aid declining inflation rate: will result in lower interest rates. He pre- et, single digit interest rates next year, He also India- Canada's unempoyment rate will rise to 10 per cent. The unemplor men: rate in January was M per cent. Wilson has pmiectedtotal spending of $159 billion this bring in $128.6 billioi in rave nue. leaving a $806billion arteit. Employees and employers will hear the burden of increas ing unemployment rates. Un. employment. insurance pre- miums paid by employees and at to like: tir hath, welfare and education; cultur- al pop-ms; environmental mmmunodthbeltoq trdsrtledhtetoi1ghtttis' man. e PYretutottselthemmels nanoe HEW Mud-Wil- tt,h't,,t.1gge'2t, Though Wilson introduced In what he called his _ Little local (maise f 'Tough' talk from Mike Stating that lowering the federal detieit was his princi- pal target, Wilson said all em revenue generated by the Goods and Services Tax will go directly to reduce the debt, " will cub from the sale of crown corporations. workers will be increased by 25 per cent, effective July 1. The increase in unemployment insurance contributions will, be bring the federal govern- ment an extra $2.8 billion in revenue, 82 billion of which will be directed to reduction of the federal deficit. February 27.199 So, with the WA] dW-tcloo'u fjtfittt,'.tt,'tgt,te"tgttg, an on. I] sum» Jitttkatbrielooarehiuetanda metttbeltheBiA,-rtttotm'mn. 'tettaHirtrertentP%orou'touttte ”other Rudy or report. It will be I fmrmtostdpo1ietuandetioetato u1pi-ethiUptormarrsa. Tho Uptown Waterloo Emin- hn. -ttsmstAmaiBtAJh-dallth. 'tatdieond-oiitumeoe-titma att3tttrrrth-t-etiors. Nalerloo. Ont finaneial experts have said Wilson has done little to " dre. the reunion and Cana. dian hurt by it. Phat. Jnmea Bros, an eco- nomic forecaster at the Uni. versity of Waterloo, said yes. terday's budget is "the wrong bucket for the times". 7 "it probably would have been a better budget to bring in two or three years ago when the economy was healthy," Bro: said. The finance minister's budget has come under sharp tiritiden.. The oppogition and ry recession budget 1yietsitottui1in,rartu-t,s to"emtteahealihrurunenviramittt for lucid interaction, work and recru- “Whatwe'll leitsttiiptdthirt- tmghttoutloittgtmsrttte native to .t-etndtttttriills-itiiit1 l'tTge2,t,i,td111e.oiy,r,tt1t,if It . Pl1utout,homltmrintaam1 Ina 1otyttrteii,ttteBiAmrttte pl'Nlhtllh"dr,ii,lfeiPa'xdht wmmw; "0ptmm Waterloo will be buntiful, cohesive, ms1lplttnmdamienvimmmd. Uilreteioyiprrttrtm 1ratar1oowi1ltse _ uncaring" -t j' Ip'l1,iltlS1fue,",t,", mm PUBLIC Lama: becoming very suspicious about announcing targets that he consistently fails to meet." Ernie Gineler, executive di. rector of the Waterloo Region Social Planning Council, said Wilson’s budget has, once again, allowed the wealthy to get off soott free, while those in "in this particular budget, a great deal of what he‘s saying is simply announcing targets and hoping the economy will react favorably to these targets. I think people are now Brox Ealled Wilson‘s target for deficit reduciton “wishful tly'ykiyr". _ _ _ spending " well. And in a time when the economy is already moving into mession, and we have not enough de- mand for resources, he's fur. ther reducing demand. Clearly some restraints are in order, but it’s a question. There was not " much restraint shown in Minister's previous six budgets when times were much better. It’s odd that he would choose to bring major restraints into play when times become tough. It's likely to make the reunion deeper and longer." __ 7 cuts in spending and major trutaiptAmtutepstotltepeovin. eeohidtpri11formthepeovirr exstrtoeitherraitsetaxeioreut He said the constraints brought down by the budget are clearly justified, but in the short term, they will do more detage that good. Ti." is wipuncing major (Comm on page A9) 'ttmethebutti-euvimesmmttiutiii. inasmuch-n Laurel Creek and 'fatrio.or'trkia-titteiaritkiTt balm. 1htpl-illtoeutroniasuaoueha, 'etandpublicdiqturkGatsart. Bmttthtiartsthepiaiwabe-daiid hreisiuittawhoGiubei'rdiTGi "ee3bratxmmitteeeBiArG,tiiG and city gtaif who will also act as .dvi-duringtheinitiauuged eial rttii,a,nriaiyGiFtt in UK Lteee1uee, ii',iaij'iiiiiiii.itlt [7,“ 811 I.- h Ill-HIM. on. DAM.” “numb: chum-dad‘- tgagtea,"drdht “mm; Dame!!!” ouch “hi m adhet ch was aftti, min involve-Id h“: Gil Far. tut-“ah; a... ' w iikTiiilGUhG iGGia Wong-gnu)

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