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The Independent, Canadian Statesman Weekender, Bowmanville, Saturday, February 26,1994 3 Ontario Street School Crowns King and Queen of Carnival UbQpcll RidinÇj EX6ClltiV6 Ontario Street Public School students Angie Marsh and John Hubbard were crowned La Reine and Le Roi by principal Steve Fortier and vice-principal Feme Parotta during Winter Carnival festivities at the school earlier this week. The imperial pair assisted with morning announcements and carnival games for the remainder of carnival week. First Federal Budget Draws Mixed Reviews From page one Farmers and small business owners owners will be eligible for a $500,000 capital gains exemption. However, in Martin's speech he said "that as circumstances permit, a MP Alex Shepherd doesn't agree. As he looks at it, the Liberals have to do a juggling act and come out with a deficit reducing plan. 'The Tories had a very strange accounting system," Shepherd said the next budget, From page one herd Team, said this type of action is virtually unheard of amongst other other riding associations. Alex Shepherd, the current Durham Durham MP, was not the first choice of "pro-life Liberals" who voted at the Durham nomination meeting last year. The rift between the members in the Durham Riding Liberal Association Association began about three years ago, said McCarl. However, support for the one- issue groups appears to be waning, he noted, due to the fact that the one-issue candidate did not get chosen chosen to run in the election. "I imagine once they failed to get Clarington Fire Calls Feb. 18 14:34: Hwy. 401 eastbound, east of Harmony Rd., vehicle fire 23:01: 1694 Nash Rd., smoke or steam mistaken for fire Feb.19 11:10:2085 Hwy. 2, rubbish fire 16:56: 203 Sandringham Dr., a candidate, their support dwindled," dwindled," said McCarl. He said the present executive is not even willing to compromise, so now it is time to look for candidates who will look at all the issues. 18:52: 1583 Rudell Rd., vehicle general lowering of the capital gains, in an attempt to explain the budget tax rate for small businesses and "We have to walk a tight rope be- farmers could provide a greater in- tween budget reduction and job centive to entrepeneurship. For that creation." reason, a special study of the taxa- The finance minister did his best, tion of capital gains as it applies to Shepherd noted, to handle what had small business and farmers will be become "an ivory tower system." undertaken with their full participa- This means the Liberal govem- tion." ment will be trying hard to make A number of areas will be put un- Canada "competitive" and der the federal microscope, includ- "empower businesses to reduce the ing the retirement savings, the social tax burden and bring the govem- security system and tariff simplified- ment back to normal," said Shep- tion. herd. However, the changes that have In discussing some of the high- occurred and will happen in the fu- lights of Tuesday's federal budget, ture were not considered to be "any Shepherd noted that while the bud- real surprises," said Williams. get went so far, "I feel we possibly The budget assumes a great deal didn't do enough." though, Williams pointed out to the People across Canada want the business people attending the meet- new government to do its share in ing. keeping the cost of governing down, 'There are economic assump- Shepherd said, lions made: that the US economy In this budget the Prime Miniswill Miniswill do well in the short term, as the ter's and MPs' wages are frozen. Asian and Latin American econo- There are no taxes on medical or mies grow while the Japanese and dental plans and there is a reduction European economies are sluggish." in the percentages people can collect Getting the Canadian economy from Unemployment Insurance as going is what this budget was sup- well as an increase in the number of posed to be about, however, as far weeks before a person may collect as Williams is concerned it falls on the plan, short of expectations. While some Canadians may not be happy with the budget, Shepherd ... said he sees this budget as the begin- pub i fesTiS ning. 'This is not the first day of the F b 21 new budget, but the first day before 15:15; 330 ^ng St W„ acciden- said Shepherd. tal alarm Run Your Own Fashion Business! Earn very attractive profits selling Balance Fashions - an exciting 100% cotton casual wear line- right from your home. Beat the recession, and the system since Balance is not available in stores! 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