Tuesday, January 30, 2007

Sleeper issue for next election campaign

Angry income trust investors blame Flaherty:
Income trust investors who lost big chunks of their life savings took their anger today to the doorstep of the man they blame for their woes.

And they stated their case about Finance Minister Jim Flaherty's tax policy flip-flop in the kind of plain language politicians don't always hear.

"I'm pissed," said William Barrowclough a retired teacher from Peterborough, Ont. "I think I've got good grounds."

Mr. Barrowclough was one of more than a dozen investors who held a news conference on Parliament Hill as the Commons finance committee prepared for hearings on Flaherty's Oct. 31 decision to start taxing income trusts — a flat reversal of a Tory campaign pledge from the last election.
...
Mr. Barrowclough was one of those who took a hit, to the tune of $250,000 he had invested, partly to provide for his grandchildren's education. Much of the money came from an insurance settlement received for his wife's death in a traffic accident.
I'm sure a few of these people wouldn't mind appearing in ads on the issue, wouldn't you say? Since Mini Bush has his attack ads already launched and seems to favour the format, I'm sure he'll welcome similar tactics from all comers...:)

There are a lot of angry people out there and this should become a big election issue.