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Midwestern

Local MP's And Candidates Talk Budget

The federal budget puts a lot of dollars on the table for seniors, farm families, and small business.

But some of the money may not trickle into midwestern Ontario.

A lot of the infrastructure money that is in the budget will be used in big cities to ease gridlock.

Huron-Bruce MP Ben Lobb says there will continue to be a component of infrastructure funds avaible for rural areas.

"There is a small communities component with the infrastructure fund. A number of municipalities have applied for that," says Lobb. "When we look at the investments in infrastructure in Huron-Bruce since 2008, we are well over $100-million."

There are also changes to rules governing RRIF's or Registered Retirement Income Funds. The budget reduces the minimum that has to be withdrawn when converting RRSP's to RRIF's. And it doubles the allowed contribution to a tax free savings account to $10,000 per year.

Bruce-Grey-Owen Sound MP Larry Miller says that will have a big impact for people in the area.

"Based on the amount of seniors that have contacted me this is going to be a good one," he says.

Huron-Bruce Liberal candidiate Allan Thompson says it's a budget that's more about politics.

"They've doubled the tax free savings allowance but do that by taking away tens of thousands of dollars in old age security for seniors," says Thompson.

Perth-Wellington Liberal candidate Stephen McCotter says the budget gives the most to those who need it least. McCotter criticized the Conservatives income splitting plan, saying it only helps the rich and doesn't see how the key initiatives of the budget help the less wealthy of his riding.

"I can balance my budget at home if I sold my car and dipped into my savings," says McCotter. "It's a budget out there to get people to vote for them, a lot of it is back ended."

The NDP candidate for Bruce-Grey-Owen Sound David McLaren says there's little in the federal budget that helps people who need it the most. He says tax breaks like income splitting and increased contributions to tax free savings accounts take money away from much needed social programs.

"So it's always puzzling why a government would direct its tax breaks and tax cuts to people who don't need them as much as others," says McLaren.

Far farm families, one highlight is a $1-million lifetime capital gains exemption for farm and fishing businesses.

"When somebody goes to transfer their farms to the next generation a lot can be lost in tax," says MP Larry Miller. "This allows the senior member of the family to be exempt so he can pass it over."

As for small business, the tax rate drop in stages to nine per cent in 2019 from 11 per cent today.

Perth Wellington NDP candidate Ethan Rabidoux added his thoughts Tuesday morning. He calls the Conservative's budget a "do nothing" budget.

"The reason this budget was delayed way oil prices have cratered, it's not as lucrative as it once was," he says. "We need to start transferring the money to industry, new developments to get the economy going and diversify it."

Click here for more highlights of the federal budget released Tuesday.

**story contributors, Ryan Brandt, Bob Montgomery, Kirk Scott and Steve Sabourin.

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