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Carr said for every $40,000 the gov- ernment raises through higher taxes, one job will be lost because of lost invest- menL The government hopes to raise $1.6 billion through the tax hikes, result‘ ing in 50,000 lost jobs, he said. ' “When we look at spurs to economic recovery, the government has taken away those initiatives. There should have been a more analytical approach to spending cuts. What we’ve seen is a knee-jerk reaction from the govern- ment,” Sullivan said. She said the govemment’s botched attempt to negotiate a “social contract” with civil servants in an effort to trim millions of dollars from the deficit con- tn'buted to the tax increases. “Consumer are hit hard,” Carr said. "There will be less consumer spending. That’s what has driven economic recov- eryinthepast” "Ihere is nothing in this budget that will create an environment that will attract investment and create badly nwded jobs,” she said. She said the construction sector - which is key to economic recovery - will be particularly hard hit through taxes on building materials and increased land registration fees. \ Carr said the budget contains no spending cuts in the areas of non-profit housing, social assistance and govern- ment subsidized day care, which would have resulted in a potential savings of ’ Sullivan said the new taxes will fur- ther erode consumer and business confi- dence and drive companies out of the Chamber president says budget won't restore confidence in economy Reading, Question Period, Book Signing and Wine {7 Cheese Reception Tickets now available at Quest Booksellers $12.00 (Continued from page 1) QEW AT MNS'fON WWI]. 8WD. 50%me 8554817 memz sum; WEE An Evening with HEADHUNTER Tuesday, May 25,7778:00 p.m. TIMOTHY FINDLEY at Appleby College and his new novel QUEST BOOKSELLERS Hogg said it isn’t clear whether a new corporate minimum tax to take effect in 1994 will apply to a company’s profits or revenues. Hogg said any taxes imposed on companies will be passed on to the consumer through higher prices for goods and services. billions of dollars. Carr said the government also reneged on its promise to tax wealthy Oakville Chamber of Commerce president John Hogg agreed with com- ments made by Sullivan and Carr. Hogg said the government should be trying to reduce the size of the civil ser- vice by giving the private sector more incentives “so (civil servants) will want to join the companies.” He said the government’s decision to impose a tax on insurance premiums is “a regressive tax” because it hits lower income earners harder as a percentage of their income as opposed to higher income earners.” He said the government’s $300 mil- lion job creation program is welcomed news. However, Hogg believes the gov- ernment should concentrate on spending more money on “high-tech” skills train- ing for Canadians in preparation for free “We’ve not yet out of the recession. Consumer confidence has yet to reach what we saw in the ‘805. This budget does nothing to improve that confi- dence,” Hogg said. “We do need desperately to teach old dogs new tricks,” he said. Meanwhile, the Town of Qakville will get a $130,000 break from the gov- 123 Trafalgar Road, ' Oakville' 849-6244 STORE HOURS: mmm ernment’s decision to eliminate the Commercial Concentration Tax and apply the 8% retail sales tax for munici- pal parking lots and on-strect parking metres. "I'he overall parking fund will have Monday Closed Tues. Wed. 11-6 ’ Sat. 10-5 fiDELICATESSEN is celebrating oUr REGULAR STORE HOURS . Sun. Noon - 4 CADWALLADER ELITE FURNITURE {Sigma Sal“ ‘ ALL FURNITURE We would like :9 thank afl_o§‘r?usgqm§m f0; thqig panonage 31nd AA:- friendshi over the ears. oinus this Saturdzfi, Ma‘ 22 for}?! free p cotfee ysuudgl and balloons for e kiZirs. 354 Church Street 0 844-9857 Authorized Dealer of Almira, Carella, Roxton 8. Snyder ”For The Elegance in You” .b 'celebrate our anmvetsaxy, we are bringing back our old tradition of a FREE Swiss Chocofl'cpfiax with every $10 filkrchase, Sat. May 22 only! about our party service. a savings (of $130,000),” said Ray Green, the town’s assistant director of public works, in charge of operations. Green said through the elimination oftheCCT-ataxof$1persq.fLon parking lots and metered parking spaces 875-2797 Come in to fill out a ballot and you could win Gift Cem'fimxes valued at 325, $50 $100 DRAW 42 brontc 6L (9)., Milton 5’40 OFF % ALL LAMPS, SILK TREES FLORALS - the town will save $210,000 annually. 7‘ However, Green said the retail sales tax on parking will cost the town approxi- E; mately $80,000 annually. The changes W are effective July 1st, resulting in a sav- > ings of$65,000 to the town in 1993. a El ACCESSORIES. Frfih Lamb Leg... 4.99/11) (law Specials Expire May 51/93 Mari's Kebobs ............... 1.99/ea. Canadian Camembett Oka ........................ 7.99/11) (17.6w) Fresh Meat Bron-b Rd. ........................... 6.99/11) (15mg) LCBO