The Prince George/Peace River/Northern Rockies MP has suggested this week’s federal budget was a good news/bad news document.
Bob Zimmer is pleased some key Conservative government initiatives important to this region managed to survive Liberal pruning including the continuation of the Accelerated Capital Cost Allowance for liquefied natural gas facilities, and the extension of the Mineral Exploration Tax Credit.
However, much of his concern is that the budget is essentially written in red ink with a $29.4 billion dollar deficit in the first year.
Mr. Zimmer is also concerned the Grits, with a minuscule drop of one half of one per cent have kept the Small Business Tax Credit at ten and half per cent instead of lowering it to nine, as promised during last year’s election campaign.
Not surprisingly that’s a view shared by Richard Truscott the Western Vice-President of the Canadian Federation of Independent Business.
Back to the positive, Ian Black President and CEO of the Greater Vancouver Board of Trade is giving the government, a budget “B” grade with approval of both its transparency and spending priorities.
However, that’s in sharp contrast to the position of the Canadian Taxpayers Federation, which claims the government won election on a promise of real change and the biggest change on offer in this budget is absolutely no plan to get the country back to a balanced budget.
In fact the CTF says program spending is projected to skyrocket by $44 billion dollars, or 16 per cent by 2020.