Weather index preview shows cloudy Saturday with highs near 23
A weather index notes a cloudy day with a 60 percent chance of precipitation on Saturday. The high is forecast around 23 and the low near 10, according to the map page on A18.
24 May 1985
Page 1
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Newspaper
Medicine Hat News
Location
Medicine Hat, Alberta, Canada
Date
May 24, 1985
Page
1
A weather index notes a cloudy day with a 60 percent chance of precipitation on Saturday. The high is forecast around 23 and the low near 10, according to the map page on A18.
Ottawa Solicitor General Elmer MacKay says some RCMP officers may have strayed from disciplined performance during the New Brunswick premier Hatfield drug investigation but denies intentional leakage. He notes no deliberate wrongdoing and says commissioners cautioned members about unprofessional talk.
Finance Minister Michael Wilson seeks smaller government and more taxes on Canadians to fund incentives for investors and businesses. He argues this shift will spur growth while promising personal tax cuts for some, but critics warn of higher daily costs for households.
Prime Minister Brian Mulroney and Finance Minister Michael Wilson unveiled a budget that raises taxes on average earners, trims inflation protection, and adds a temporary surtax. Personal taxes rise, business taxes increase initially but are set to ease by over $2 billion in five years. Spending cuts total $1.8 billion this year, with 15,000 public service jobs to go, aiming to slash the deficit from $34.9 billion to $33.8 billion this year and toward $20.1 billion lower by 1990-91. Opponents call it broken promises. supporters cite growth incentives.
Douglas Nerland of Pemberton Houston Willoughby backs the budget’s tax relief and higher RRSP caps but says deficit reduction is insufficient. He warns the projected $4 billion deficit cut over three years is not enough and a downturn could leave little leeway. Dave Wilkins of the Chamber of Commerce supports deficit goals and notes the $500000 capital gains exemption and unemployment insurance premium freeze may aid small business and jobs in the longer term.
Highlights from the Thursday federal budget presented in the Commons by Finance Minister Michael Wilson show a net spending cut of 1.8 billion and net revenue rise of 200 million for 1985 86. The deficit is placed at 33.8 billion, with new taxes including a surtax up to 10 percent for higher earners and a minimum tax next year. Gasoline rises two cents a litre and cigarette packs by 25 cents, with a two percent excise tax on wine beer and other alcohol.
Prime Minister Brian Mulroney moves to deficit reduction as the budget emphasizes spending cuts that hit taxpayers and signals a break from earlier Tory promises. The plan, framed as macroeconomic, includes 14 discussion papers and studies and a proposed minimum tax on the wealthy.
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