Friday March 30, 2012

 

 

Federal Politics

EAP Highlights

MP Strahl discusses budget package

Released by Robert Pearsall, PA toStrahl

 

hilliwack-Fraser Canyon MP, Mark Strahl welcomed the Government's Economic Action Plan 2012 for supporting jobs and growth; sustaining important social programs; and for its sound fiscal management.

 

"This budget seizes the opportunity Canada has to build a secure and prosperous future for all Canadians. It reflects what matters most to Canadians creating jobs and economic opportunities in a fragile global economy," said Strahl.

Highlights of the Economic Action Plan 2012 include:

Supporting Jobs and Opportunities

 

Encouraging entrepreneurship, innovation and world class research will over $1.1 billion in research and development.
Extending the Hiring Credit for Small Business for one year.
Providing $150 million over two year for the new Community Infrastructure Improvement Fund.
Sustaining Important Social Programs
No changes to the OAS/GIS for current recipients or for those currently over the age of 54.
An 11-year notification period, followed by a six year phase-in period for the increase in the age of eligibility for OAS from 65 to 67 years of age.
Sound Fiscal Management
Fair, balanced and moderate savings of $5.2 billion.
Over 70 per cent of the savings found are in operational efficiencies.
 

A realistic plan to return to a balanced budget in the medium term.Economic Action Plan 2012 also demonstrates the Conservative government's strong support for British Columbia through record transfer support for hospitals, schools and other critical services. Totalling over $5.6 billion in 2012-13, the transfer support represents an increase of over $1 billion (or 23%) from the former federal Liberal government.

"Canada is unique among major industrialised countries in that while other nations are forced to make painful reductions in social spending our Government is growing important social programs, creating jobs and ensuring long-term prosperity of this great country," said Strahl.

 

 

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