Harper, Flaherty are the ones lacking integrity and accountability
Posted 1 hour ago
April 3, 2008
Re: Political attack ad is nothing more than graffiti, The Standard, March 27.
In this letter to the editor, David Lewis says, "the authors lack integrity and credibility."
Actually, it is the Stephen Harper government that lacks integrity and credibility. Harper clearly stated before the last election that a Conservative government would not change the way income trust businesses were taxed.
Based on this solemn pledge, when Harper was elected many Canadians felt it was safe to invest some or more of their hard-earned dollars into income trust businesses. Also, based on Harper's word, several businesses adopted the income trust structure.
Shortly after being elected, Harper sabotaged these investors and businesses when he did a complete 180 by imposing a draconian new tax on income trust businesses. The announcement of this new tax immediately saw the share value of income trust businesses fall by some 30 per cent causing the loss of $35 billion to those who invested in these businesses. The share prices of most of these income trust businesses have not recovered.
This was the most heinous act ever taken by the Government of Canada directly against a particular type of investment - and it mostly affected senior and retired investors.
The Canadian Association of Income Trust Investors is doing yeoman work fighting to right a wrong. It's the Conservative government that lacks credibility and integrity in the eyes of up to four million Canadians who felt it was safe to invest in income trusts once Harper was elected, only to be stabbed in the back.
First Street East
Fort Frances, Ont.
Thursday, April 3, 2008
Posted by Fillibluster at 7:29 AM