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WM l KIM l (“DUNN Ll- ' Heillirsda» l’l’blull) I JUD‘j - 3 I How does the federal budget address some of the challenges faced by Waterloo ? ' 31303me " 7 ' _ , including the fall economic state» Uironi‘cleSzafl _ ment that was the precursor to the constitutional crisis in Ottawa in f participants at a round table the fall. discussion hosted by local MP5 But Braid argued that extraordie were wondering how much the nary times called for extraordinary federal government would be “5- measures tening to their input, they got their “The decision to go into deficit answer in last week's budget. was made reluctantly." said the Waterloo MP Peter Braid said 5 A rookie MP. “We have a clear plan to one of the most pressing concerns a," . i ‘ ’ W come out of deficit, and the vast . heard from local business people W l . ‘_.i:._ majority of the stimulus spending was access to credit. Government ' ' , is temporary â€" it occurs over a MP5 heard how even established ' two-year period. 'businesses with long track records . "1 “That in itself will ensure that we were having problems getting their 9i . come out of a deficit situation." _ short-term financing needs met. "‘ As for the opposition parties, ‘ That's why the Conservative i; . especially the liberals. putting the ‘ government introduced a new "‘ ' » v . government on “probation.” Braid 3 Business Credit Availability pro» ‘ dismissed the notion that the fed- , gram to improve access during the . _ ‘1 ‘~ . era] government is trying to leave . economic crisis. The federal gov- m . f ' money on the table. J ernment also supplied more M35 '9‘» 1 J- “ ' “The notion of the term proba- t money to the Business Develop- Wig. it Q‘ EV"! tion is somewhat silly,” said Braid. merit Bank of Canada and the "'5" '. ”iii “ “We have a commitment to parlia- Export Development Bank to make 35"“ " - * . merit and Canadians with respect sure the money keeps flowing. \ ~ ' . , . to the measures laid out in the That's in addition to backstopâ€" ‘ ' ‘ .. TAB; budget. ping more of the mortgage debt . . . . . . . . “Accountability is an extremely held by Canada's major banks to This is an example of some of the infrastructure work thatlneeds to be done at tacilrties like the Canadian Clay imponant principle for this govem- . h el . . . . . and Glass Gallery. The federal government has promised billions to address the infrastructure deficit faced by . . . pmtrogpce more liquidity in the munici l' . merit, and we WI“ continue to l pa mes. . nu no") market. make sure that we are accountable : “The key concern was the avail- Council’s Industrial Research Assis- continue to make Ontario the eco- lead to a structural deficit with to the parliament and the people of ability of financing and we've tance program extending support nomic engine ofCanada. long-term impacts, he thinks the Canada.” ; addressed that head on by increas- for small- and medium-sized busi- “Clearly there is a recognition tax measures included in the budg- So when is the money coming? ing the amount of capital avail- nesses to promote innovative new there that because of the concen- et aretargeted. There is money for social housing, . able.” said Braid. “We've increased technologies and to hire recent nation of manufacturing here, that “I think the tax relief finds the as requested by Waterloo Mayor ‘ the amount of financing available Canadian graduates to help them we've carried a bit more of the bur- right balance providing some relief Brenda Halloran, and there is particularly for small~ and medi- growtheir businesses den in the global economic down» for segments of our society that are money ready for infrastructure pro- um<si1ied businesses" “That will keep us on the lending tum,” said Braid. struggling the most.” said Braid. “At grams including roads. bridges and The budget. which predicts a edge of the new knowledge econo- There were also a wide range of the same time the tax relief isn't so building projects $64-billion deficit over the next two my," said Braid. “It will attract fur- taxcutsandtaxctedits that hope to significant that it will create that “There’s a commitment to years. also had new money to help ther investment and create jobs in get the economy moving. including long-term structural deficit. ensure timely approvals. reduce red support the local knowledge econ- the new economy.” a new home-renovation tax credit “The purpose is to restore confiâ€" tape and streamline the decision omy and honoured a government There is also a $1-billion invest- and income-tax cuts for low and dence and generate consumer con- making process with respect to commitment to provide 550 million merit in a new Southern Ontario middle-income earners totalling fidence in spending" infrastructure applications and to Watedoo's Institute for Quantum Economic Development Agency almost $2 billion. Going into deficit to fund all this projects.” said Braid. “I'm certain Computing. There is also $200 mil- which Braid hopés will fund the While Braid said he was con- has been contrary to the Conserva~ we’ll see the money put to work in lion more in the National Research next generation of enterprise to carried about changes that could tive government‘s stated goals, our communityaswell.” ‘ - , .. - . , M‘- < Rh“! '. reg. new. ' ’ inc ‘2 r “wraitstfifii ‘ his. “' ' ‘5" " .' 3"" ’ W~.-‘....2‘ze.', rm “T _‘ ’.."‘ ~ 5 . ‘ . g 5 . . xi 1”} ‘ 2.1%.. V, :3 in" firsts" “I? . .fl¥§*~u§ mf’c’":xhԤifi 5‘s“: n.:>V‘.»,‘fÂ¥f,‘v‘,‘-{:1‘fi‘zfif'é, 3 . , it . (mason .. .. v. » . . a. .- . '1‘ y.- ,, . . 9.1. .»_.;~-:._,;. , . . f , f. ‘ ..: r .» a“ i; ~ _. 3:1." pig}: 3»: “y;;,__..f~"~z;:fl ’,5 aid-inrfigégmm 1.31.4 ' '- is: if. ’ ‘ £,,-..;sg§g1g-‘n’_,..._y.:3u;_ “. 1.- : I. ., h a .-';- vitae . 2, gigs.” . ._. . 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