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Provenzano: Tories turned budget surplus into deficit

NEWS RELEASE CHRISTIAN PROVENZANO LIBERAL CANDIDATE SAULT STE. MARIE & AREA ************************* Provenzano: Families need real support, not vague promises SAULT STE.
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NEWS RELEASE

CHRISTIAN PROVENZANO LIBERAL CANDIDATE SAULT STE. MARIE & AREA

************************* Provenzano: Families need real support, not vague promises

SAULT STE. MARIE, ON - Steven Harper has been busy making promises on the campaign trail, however most of the Conservative proposals will not take effect for years and they come with strings attached.

Proposed Conservative measures such as income splitting, boosting TFSA contribution space and increasing the child fitness tax credit, would not be enacted until 2015.

They are also contingent on the federal government achieving a balanced budget.

Says Christian Provenzano, Liberal candidate for Sault Ste. Marie: “Four years is an eternity in politics. When you add in the requirement of a balanced budget and the likelihood of a Conservative government achieving it, these promises lose their credibility.” Parliamentary Budget Officer Kevin Page has consistently questioned the Harper government’s ability to meet its deficit reduction timetable.

“We are seeing the same thing under the Harper Conservatives as we did under the Mulroney Conservatives of the 1980s,” continues Provenzano. “Harper preaches about the need for fiscal responsibility but he doesn’t practice it. Harper inherited a budget surplus and turned it into a structural deficit thanks to excess spending and unsound economic policies.”

While ordinary Canadians are expected to wait for Harper’s promised initiatives, the Conservatives plan to immediately spend billions on fighter jets, jails and corporate tax cuts.

Says Provenzano: “Once again the Harper government has its priorities backwards. They want to spend billions on untendered fighter jets and tax cuts for wealthy corporations today, while telling families to wait years for measures that will only be marginally helpful in most cases.”

“This situation needs to be reversed. It is the corporations who should wait for a balanced budget before having their taxes cut further. Our government needs to put families in Sault Ste. Marie and the rest of Canada first. Liberal proposals - such as boosting the Guaranteed Income Supplement for low-income seniors, providing a $1,000 a year tax-free for post-secondary students and establishing a new family care tax benefit - will take effect right away. This is the type of real, difference-making support that families in the Sault and area need and deserve.”

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