Budget panned

Nanton News - Nanton,Alberta,Canada
[4/15/09]
Budget panned € ’¶
Posted By Don McGregor, Edmonton

Iris Evans and Ed Stelmach, Alberta's Finance Minister and Premier
respectively, are looking for $2.2 billion dollars for next year's
budget. I suggest they look on page 216 of this year's budget.

Corporate Income Tax is due to decline by almost exactly the $2.2
billion dollars (from 2007-08 actual) that Evans is searching for.

Will Albertans continue being employed as corporate income declines by
50 per cent, or are the corporations getting a tax break when
Albertans need the money? Personal income taxes are estimated to
increase by $290 million over the same period.

I would rather pay the $700,000 for the transgendered to get their
operations than let Eddie and Iris suck up to the CEOs; at least the
transgendered are trying to change.

It is remarkable how the Conservatives can look Albertans in the eyes
and tell them we have to cut back on our spending or go into deficit.

AIMCO (Alberta Investment Management Corporation) is spending all
their budgeted External Investment Management Fees, including $172
million in performance based fees.

These are the same guys who provide the brain power necessary to lose
$2.5 billion from the (page 22) Alberta Heritage Savings Trust Fund,
$258 million from the (page 219) Heritage Foundation for Medical
Research Endowment Fund, $147 million from the Heritage Scholarship
fund, $142 million from the (page 222) Heritage Science and
Engineering Research Endowment Fund, and these financial wizards are
still getting a raise next year.

Oh boy, oh boy, I can hardly wait to see how much they lose next year.

Maybe Alberta's Eddie and Iris should consider giving them even bigger bonus.

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