Salt Lake Telegram | 1936-03-03 | Page 5 | Taxes Divert Pension Plan

TAXES DIVERT PENSION PLAN EDMON EDMONTON ON Alberta March 3 UP UP Residents Residents of Alberta today faced the prospect of paying the heaviest taxes in the provinces province's history history his his- tory ory in place of receiving the 25 a month dividend promised every adult citizen during the campaign which won Premier William Aberhart Aberhart Aber- Aber hart a smashing victory on the social social social so so- so- so cial credit platform last fall taU Presentation of the social credit governments government's first budget to the legislature however revealed that thai th he the eagerly awaited dividends wilnot will wil not be available at least for some years cars to come and heavy new tax levIes will be necessary to balance the he budget six Fifty of ot the legislatures legislature's 63 members were elected on the same social credit platform as Premier Aberhart Among the provisions of the budget et as presented to the tho legislature was vas a a apropo proposal al for tor a 2 per cent sales tax ax designed to raise An additional it was estimated ed would be obtained through a proposed per cent ent increase in it Income tax rates while a 3 mills mills' soci social l service tax on city lands was vas included in hope of raising 1223 00 more to meet a deficit deficit def- def cit which had accrued at the end of last years year's govern governmental opera opera- Additionally the government government government govern govern- ment seeks to refund a debt of approximately approximately approximately ap ap- ap- ap proximately 1 at lower interest Interest in- in terest erest rates The government also proposed to effect drastic salary cuts for tor mos most governmental officials officials' drawing large arse salaries excepting the premier premier pre pre- mier micr and his cabinet officers The Tho 25 dividends promised during during dur dur- ing ng the campaign were to have been made available through levies on on th the unearned Increment of at production