465e Patrick Brown - Barrie - MP Brown Applauds Budget 2012 - JOBS, GROWTH AND LONG-TERM PROSPERITY THE FOCUS OF ECONOMIC ACTION PLAN 2012
MP Brown Applauds Budget 2012 - JOBS, GROWTH AND LONG-TERM PROSPERITY THE FOCUS OF ECONOMIC ACTION PLAN 2012
March 30, 2012
BARRIE – Conservative MP PATRICK BROWN is welcoming Economic Action Plan 2012’s focus on creating jobs, growth and long-term prosperity. Keeping taxes low and returning Canada to balanced budgets over the medium term is good news for Ontario.

“In Economic Action Plan 2012, our Conservative government is squarely focused on what matters to Canadians – jobs and economic growth,” said MP Brown “While Canada has created over 610,000 net new jobs since July 2009, the global economy remains fragile and too many Canadians are still looking for work. That’s why we’re moving forward with a positive plan to bolster the long-term economic growth of Ontario and all of Canada.” Economic Action Plan 2012 takes significant steps to:
  • Encourage entrepreneurship, innovation, and world-class research with over $1.1 billion in significant investments for research and development, $500 million for venture capital, support for increased public and private research collaboration, and much more.
  • Improve conditions for business investments with responsible resource development streamlined for ‘one project, one review’; expanding trade to open new markets; keeping taxes low, and more.
  • Invest in training, infrastructure and opportunity for Canadians by extending the Hiring Credit for Small Business; investing in programs to help youth, Canadians with disabilities, aboriginals, and workers over 50 get into the workforce; reforming the EI system to better promote job creation and remove disincentives to work; investing millions in renewing local community infrastructure; and more.
  • Help families and communities by increasing food safety monitoring; better protecting species at risk; assisting victims of crime, improving water quality for First Nations communities; helping Canadians with disabilities save for their future, and more.
  • Ensure vital social programs and services will be there for Canadians over the next generation by making gradual, responsible adjustments to Old Age Security; bringing pension plans for public sector employees and Parliamentarians in line with those Canadians working in the private sector; closing tax loopholes; and more.
  • OAS changes: The Government has taken action by introducing planned changes to the retirement income system. We want to ensure that future generations have a solid OAS program that is sustainable for the long-term.
Seniors who are current OAS and GIS beneficiaries will not lose a cent, and will not be affected. People aged 54 or older on March 31, 2012 (born on or before March 31, 1958) will still be eligible for their OAS pension or GIS at the age of 65.

The Government of Canada plans to gradually raise the age of eligibility for OAS by two years, beginning on April 1, 2023.

Economic Action Plan 2012 also demonstrates the Conservative government’s strong support for Ontario through record federal transfer support for hospitals, schools, and other critical services. Totaling $19.2 billion in 2012-13, the transfer support represents an increase of nearly $8.4 billion (or 77%) from the former Liberal government.

Budget 2012 also promotes environmental initiatives such as continuing the federal commitment to cleaning up Lake Simcoe.

"Lake Simcoe is an urban jewel that I have campaigned to protect in Ottawa. When we announced 30 million dollars in 2008 to clean up Lake Simcoe, it represented the first time any level of government put serious dollars behind reducing dangerously high phosphorus levels. The campaign has worked. Lake Simcoe is cleaner and Minister Flaherty appreciated this was a good investment. This is great news for Barrie", declared MP Brown.

Budget 2012 addresses innovation of small and medium sizes companies, such as Wolf Steel in Barrie, through the Industrial Research Assistance program.

“I am also happy to see Budget 2012 proposes an additional $110 million per year to double support for companies creating jobs through the industrial research assistance program. Page 62 of the budget document highlights our investment in Wolf Steel in Barrie and serves as an example of how this approach is working to create jobs”, added MP Brown.
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