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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - October 26, 1972, Lethbridge, Alberta ___Ttiuntfay, Octoli'r 26, 197? THE IETHBRIDCE HERAID All shapes and sizes Politicians have number of election promises BARRETT ALL Columbia Premier Dave Barrett was all smiles as he met with Prime Minister Tru- deau to discuss the federal government's participation In ihe guaranteed income plan for old-age pensioners. The premier had less reason to smile later, telling the B.C. Legislature the prime minister had turned down Ottawa's participalion under the Can- ada Assistance Plan. Nationalizing CPR project of NDP LONDON, Ont. (CP) New Democratic Party Loader Da- vid Lewis said Wednesday the party does not see government akeovers of industry as a cure- all, but lie admitted he has ar eye on nationalizing the CPR There might well have to IK merging of CP Kail with Ih Crown-owned CNR, Mr. Lewi said under lively questiining t; University of Western Ontari students. But he had no. "shopping list" of companies that an NDP gov- ernment would take over. The question of nationalization al- ways had to be decided on the grounds of public interest and in the light of existing circum- stances. There certainly was need for renationalization of Canada's transportation incfastry to over- come the high freight rates that prove a penalty for industry in the West and the Atlantic prov- inces. So an ND P government would take a hard look at whether the rail operations of the two major lines should he merged under public own- ership. But Mr. Lewis stressed throughout the exchange with more than 500 students that a socialist party "doesn't live merely by slogans." Nationalization wasn't seen anymore as the absolute an- swer for a socialist party. There were many other ways to direct industrial growth and the activities of corporations. OTTAWA (CP) Taxes, In- flation and unemployment arc pegs on which all parties hung political promises in the elec- tion campaign that comes to an end with voting Monday. They ranged from promises of government cheques for all adults, pledged by Social Credit Leader Eeal Caouette, to a stand-pat state- ment by Prime Minister Trudeau that the Liberals do not foresee major tax reduc- tions if re-elected. Conservative Leader Robert Stanfield said the current rate of income tax should be cut a further four per cent. And George Hees, his colleague and former trade minister, said tbe tax cut should be at least 10 per cent. New Democratic Party Deader David Lewis said there be a general tax cut of x to eight per cent, and a lifting of the tax burden from ndividuals onto the big corpo- ations. OPPOSK PLAN All of the opposition parties ;aid a thrcc-per-cent lax cut made last year and due to ex- pire Dec. 31 should be contin- icd. But Finance Minister John Turner said he couldn't do so unless assured of enough reve- nue from other sources. Adjusting taxes is the way the opposition parties believe hey could deal with price in- flation running 5.3 per cent ahead o( a year ago and an unemployment trend rate of 7.1 per cent. The Liberal view is .hat major tax cuts would only make the situation worse. Mr. Stanfield, Mr. Hees and Mr. Lewis say that tax cuts would an incentive to growth and counter the high cost liv- ing. Mr. Trudeau and Mr. Turner have said the economy already is expanding as much as it can, and further in- centives would over-heat tile economy, push prices higher and cause a loss of competitive export markets, thus causing more unemployment. Mr. Stanfield put the Issue this way last week in Niagara Falls: "Those who would support the Trudeau government, vote .hemsetves a tax Increase and a further round of inflation. Those who vote for the Con- servative party support our pol- icy of personal income tax re- ductions and a concerted effort to contain inflation." PROMISED NEW WAY Opening his campaign Sept. 12 in Halifax, Mr. Stanfield said he would introduce a tax sys- tem tied to the rate of inflation. If a man's income went up, but would not buy more because of higher prices, he would not pay more in taxes. He also said he would not hesitate to introduce price and wage controls as a temporary measure it they were needed. But they would have to be "fair and seen to be fair" to all sec- tors of the population. Mr. Trudeau and Mr. Turner said they do not believe price and wage controls are workable in peacetime. Mr. Trudeau's Quebec lieutenant, Economic Expansion Minister Jean Marchancl, said control of prices and wages by Ottawa would mean usurping some pro- vincial rights. Mr. Lewis said tills week he also doubts whether Canadians would put up with the policing measures necessary for general! price controls. But he would in- tr o d u c c food-price control without baiting an eyelash." He also said he would not in- troduce wage controls unless he were certain all forms of in- rents, profits and interest equally controlled. Mr. Caouclle dismissed price and wage controls. If they were Introduced, he said, they would lead to exorbitant prices on a black market. Ho proposed a 20-per-cent dis- count on all retail goods, to be made voluntarily by any retai- lor, which would be covered by a government grant. The main plank in the Social Credit platform, however, was to replace the present welfare Mr. Caoueite says encourages laziness, dis- honesty and what amounts to a form of a guaran- teed annual income. Every single adult would re- ceive a year, married couples a year, and an allowance of a year for each child. This, Mr. Caouetle said, would be a basic income for everyone, given without dis- couraging people to work for more money. The tax system's Incentives to industrial expansion also formed a pivot for campaign arguments. Mr. Lewis's principal argu- ment is that grants made to in- dustry clearly have not pro- duced the jobs they were ex- pected to help generate. He cited cases of big corporations getting tax relief or expansion grants and reducing ralher than expanding employment. Creating jobs by giving in- centives to industry Is like reaching for your right ear with your left foot, Mr. Lewis said. Prime Minister Trudeau said he was puzzled "by the Septem- ber unemployment figures when they came out early this month, showing an expected re- duction in (he number of work- ers actually unemployed, but an unexpected boost in the un- derlying or seasonally-adjusted rate of unemployment. He said (lie government clearly would have to do mora for the direct creation of Jobs, in addition to relying on eco- nomic expansion with in- centives in slow-growth areas. "It's not that there is a short- age of jobs." Mr. Trudeau said in a TV interview. "Tliere's a shortags of acceptable jobs." COME TOOJI PLANTATIONS Most Christmas trees in Can- ada come from plantations or from cultivated trees. Have you ever had a ride in or driven a TOYOTA COROLLA HI-LUX MOTOR HOME OR A MINI HOME CONVERSION VAN Come out and let one of our salesmen Con Barrett Pete Alexander Gayle Jo'nnson Les Ingle Take you for a drive in any of these units or phone us and wo will pick you up. We would like to show you what we 1o offer. "Get Your Hands On a Toyota And You Will Never Let Go" TOYOTA TRAVEL CENTRE Courts Highway Phone 327-3165 CHECK For Exciting Buys on Beautiful Furs IN LETHBRIDGE From Thursday, October 26th Through Thursday, November 2nd Canada Majestic natural mink coat 1395.00 SPECIAL Soft, iilky, fully fef-out skins In natural Canada mink Choice of semi-fitted or casual back fullness. Shawl, portrait or Johnnie collars. Paslel Pawn or Dark Ranch shades. Rcg'd C.T. by Canada Mink Breeders Assoc. Fashion pant coat in natural muskrat 399, Styles are sleek and sporty. Semi-filled or box with Tailored sleeves. Sumptuoui trims tn bleached or natural raccoon, Blue fox. Red fox. Some with on collar only. Olhers, borders and collars. 8 To 20. Persian lamb coats in grey or brown 86900 SPECIAL Appealing collcclion of fashfon coals Tn your choice of nalorat groy or dyed brown Persian lamb. Semi-filled or box styles, Shawl, Jennie or ring collars. Beautiful choice of mink for collar or collar and cuffs. Two-style choice! Canada mink coats 119500 SPECIAL Choose from the casual full-hack or lemi-filtcd. Both crofted with fully let-out skins for warmlh and luxury. Dawn Poitel or Dark Ranch shades. Shawl, notch or Jonnle collars. FUR SAION, MAIN FIDO? Buy now, pay next year on your Eaton Budget Charge Account. No monthly payments 'til January 1973 on purchases made from NOW '111 Nov. 18th. Shop Thursday and Friday from 9 'lil 9. EATO N'S Buyline 328-8811 ;