[Missouri-l] Fwd: [acb-chat] FW: News Alert: Federal budget unveiled
From the IPHONE of Terrie L. Arnold
terrieiphone at gmail.com
Fri Mar 30 06:15:07 CDT 2012
skyp -k.c.kitty
Begin forwarded message:
From: "Eric Calhoun" <eric at pmpmail.com>
Date: March 29, 2012 11:23:21 PM CDT
To: acb-chat at acb.org
Subject: [acb-chat] FW: News Alert: Federal budget unveiled
I don't agree with getting rid of the penny, but that's Prime minister
Harper for you. And I agree with the shortening of immigration lines. I
do not agree with the OEP moved from 65 to 67. I would tell Mr. Prime
Minister, "Do not cut CBC funding!" Your thoughts?
Original Message:
From: "Vancouver Sun News Alert" <newsletters at lists.vancouversun.com>
To: Eric Calhoun <eric at pmpmail.com>
Subject: News Alert: Federal budget unveiled
Date:
Thu, 29 Mar 2012 16:14:34 -0400
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<p><img border="0" alt=""
src="http://www.canada.com/newsletters/images/newspapers/vancouversun_400x60.
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<br />
<span style="font-weight: bold;">For the first time
since taking office in 2006, Prime Minister Stephen Harper's Conservatives
have put their imprint on Canada through a budget that includes major
changes to pensions, industrial research, immigration, energy and the size
of government.<br />
<br />
Among the highlights:<br />
<br />
- The Old Age System (OAS), the backbone of the
country's public pension system, will be changed, starting in 2023, so that
the age of eligibility is gradually increased to 67 from 65. The
controversial change will affect Canadians under the age of 54.<br />
<br />
- Government funding and incentives on industrial
research will be shifted to promote commercial innovation to boost the
economy.<br />
<br />
- Environmental reviews of major oil, gas and mining
projects will be shortened to ensure the ventures get off the ground sooner
to promote economic development, and some reviews will be handed to the
provinces only.<br />
<br />
- The immigration system will be reformed to process
applicants faster and emphasize getting skilled immigrants into the country
to fill vacant jobs.<br />
<br />
- Government program spending will be slashed by $5.2
billion within three years, a 6.9-per-cent reduction of the $75 billion in
programs that were reviewed.<br />
<br />
- Within the public service, 19,200 jobs will be
eliminated over three years (4.8 per cent of the workforce), including 600
senior executives.<br />
<br />
- The federal deficit, forecast to be $24.9 billion
for the fiscal year ending this month, will be eliminated by 2015-16.<br />
<br />
- The country's economy is forecast to grow by 2.1
per cent this year and 2.4 per cent next year.<br />
<br />
- The military's budget will be cut by $1.1 billion
within three years, while the Foreign Affairs Department will see its
funding cut $168 million by 2014-15. Foreign aid will be sliced by $378
million within three years.<br />
<br />
- Charities will be required to provide more
information about their political activities and their funding from foreign
sources.<br />
<br />
- There are no major tax reductions and the
government says there are no tax increases.<br />
<br />
- The employment insurance system will be retooled to
cap premium increases and to introduce pilot projects that remove
"disincentives" for people on EI to also find work.<br />
<br />
- The penny will removed from circulation this
autumn, saving the Canadian economy about $11 million a year.<br />
<br />
- The Canadian Broadcasting Corporation, the
country's national broadcaster, will see its government funding slashed by
$115 million ? about 10 per cent.</span><font class="style1"><strong><br />
</strong> <em><br />
</em></font></p>
<p><font class="style1"><i><span
class="Apple-style-span" style="font-style: normal;"><i><font
class="style1"><em>For the latest local, national and international news,
visit <a
href="http://www.lists.canada.com/t/273496/6905451/1574/0/">www.vancouversun.
com</a></em> <br />
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