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B.G. MacKay, Edmonton
Loan guarantee differs from investment
Re. “UCP announcement of deficit no surprise,” Letters, Aug. 29
I believe in free speech but let’s try to be factual. Mr. Bizon claims that the UCP gave $7.5 billion to the Keystone XL pipeline. The facts are that $1.5 billion was an investment in the pipeline and $6.0 billion would be in the form of a loan guarantee, next year, to help finance the construction of the pipeline, mainly in the United States.
The implication is that these form part of the current projected deficit which is erroneous as there is a big difference between an investment together with a loan guarantee and an outright gift. A reduction of the Alberta corporate tax rate from 12 per cent to eight per cent is actually a one-third drop, not a one-half drop as claimed by Mr. Bizon.
The claim that billions of profits have been gifted to liquor business is totally unsubstantiated. Liquor stores have been privately operated in Alberta since 1993 and current sales are about $2.6 billion annually. For this claim to be accurate would have required the government to provide liquor to the vendors for free.
W.B. Workman, Edmonton
Committee budget story biased
Re. “Alberta panel’s expenses ‘flagged,’ ” Aug. 31
Wow, a full-page hatchet job on the expenses surrounding the UCP committee looking at the supervised injection sites — most notable because of their recommendations surrounding the Lethbridge ARCHES facility closure.
I used to think that the Journal didn’t have an agenda or bias (or at least not a huge one) but it is becoming more and more apparent. Strike one for journalism.
J.M. McGowan, Stony Plain
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