One of Paul Martins promises to Agriculture was he would increase the capital gains excemption. Now I would think every farmer would think that was a good thing? It has saved retiring farmers a pile of money ever since Brian Mulrooney first introduced it?
The excemption was $500,000...now the promise is to go to $750,000.
I guess my problem with this is why now? Why didn't Martin have it indexed to inflation if it was such a good idea? Instead we saw a gradual erosion of a very good tax break that let farmers retire with a few dollars in their pockets?
Now suppose we wake up Jan. 24 with a majority Liberal government? Generally rural areas don't vote Liberal...even rural Ontario aren't real keen on them? Why would Martin keep this committment? Has he kept the promise to eliminate the GST? Did he keep the promise to scrap the free trade agreement?
The $750,000 excemption sounds very good but is it real? Would you vote for a promise when the record of keeping promises is very poor?
The excemption was $500,000...now the promise is to go to $750,000.
I guess my problem with this is why now? Why didn't Martin have it indexed to inflation if it was such a good idea? Instead we saw a gradual erosion of a very good tax break that let farmers retire with a few dollars in their pockets?
Now suppose we wake up Jan. 24 with a majority Liberal government? Generally rural areas don't vote Liberal...even rural Ontario aren't real keen on them? Why would Martin keep this committment? Has he kept the promise to eliminate the GST? Did he keep the promise to scrap the free trade agreement?
The $750,000 excemption sounds very good but is it real? Would you vote for a promise when the record of keeping promises is very poor?
Comment