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標題: BC Premier announces income tax cut in televised speech [打印本頁]

作者: tiffiant 時間: 2010-10-27 21:34 標題: BC Premier announces income tax cut in televised speech

BC Premier announces income tax cut in televised speech
Talks about economy, education and HST
News1130 Staff Oct 27, 2010 19:54:06 PM
8 Comment(s) 14 Recommendation(s) Related Stories

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VANCOUVER (NEWS1130) - Some British Columbians will be getting a tax break starting next year.

That is the promise from Premier Gordon Campbell, who delivered his televised address tonight.

People with an income of up to $72,000 a year will see a 15 per cent income tax reduction starting January 1 of 2011, which makes it the second largest personal income tax relief measure in BC's history, according to Premier's office. The tax cut will still need legislative approval, however.

Campbell's approval ratings hit rock bottom after the introduction of unpopular Harmonized Sales Tax this summer. The Premier kicked off his speech saying the downturn in the economy forced his government to go with the HST. Campbell said the tax makes B.C. more competitive, helping people keep their jobs and creating new ones. He says the decision over HST was made quickly, and there is a lot more his government could have done to explain the tax to British Columbians better.

NDP Leader Carol James says she likes to know why Campbell's government didn't acknowledge that it had the money to give out tax breaks before.

James says the Premier still hasn't apologized for "blindsiding" people with the HST. "He still didn't tell the public that he was sorry. The premier [was] trying to actually buy public support with a tax cut. I'm a big believer in a competitive tax environment, but quite frankly this is a ridiculous way to set tax policy."

Fight HST Organizer Chris Delaney says Campbell is a Premier who's "making it up as he goes along."

"I don't even know how anybody can function or operate around that. But, we need to get the referendum done sooner, so we can get this issue over with. He should have reconvened the legislature and just had a free vote there. This whole thing is a total waste, and it's a total exercise in trying to support and prop up his Premiership."

作者: tiffiant 時間: 2010-10-27 21:35

http://www.news1130.com/news/loc ... in-televised-speech
you can listen his speeches

作者: BiscottiGelato 時間: 2010-10-27 22:28

Less Income tax, more Sales tax (HST), I can't see why any of these is a bad thing.

Yes, he is a big liar on the HST ordeal, but overall can't help but say it's still light years better than NDP so far. The Libs still have a huge margin before I'll choose NDP instead. Hail income tax cut!

作者: Lik 時間: 2010-10-27 22:38

With his political career clearly in the toilets, does Gordo really think British Columbians will forgive him and the Liberals over the HST fiasco? Even when he tries to buy their loyalty back by lowering personal income tax, I honestly don't think that'll be enough. As a matter of fact, people will just view the measure as exactly what it is -- a blatant measure for Gordo to try buying the voters' loyalty back, and voters will just take the cash and still vote the Liberals out without even thanking them.

-Lik

作者: BiscottiGelato 時間: 2010-10-28 00:27

Barring major oopsies like what NDP did with the Ferries, I'll still vote Lib.

People are so focused on the HST ordeal. Yes Campbell/Libs lied on the HST ordeal, but then it's a small thing in comparison to the long term economic health of the province, which the Libs have been provably proficient in handling. Voting out a liar at the cost of the provincial economy, I don't see how that is good for voters and taxpayers in the long run.

People need to take a deep breathe, use their EQ a lil, take out a white board, put down the Pros and Cons of voting out the Liberals, and then think twice before we get ourselves another 10 years of terror from the NDP.

作者: 快樂牛郎 時間: 2010-10-28 00:37

a real 15% on $75000 is a big deal.

even if it's just 15% on the portion between whatever tax bracket below ($39000 or something)? to $75,000 is a huge savings

if u really get that, even a 25% HST is cheap

but of course, those who don't make much don't get the tax benefits...haha

作者: 快樂牛郎 時間: 2010-10-28 00:41

People need to take a deep breathe, use their EQ a lil, take out a white board, put down the Pros and Cons of voting out the Liberals, and then think twice before we get ourselves another 10 years of terror from the NDP.
BiscottiGelato 發表於 2010/10/28 00:27

it's better to have everyone suffer than just yourself suffer

作者: MSN04 時間: 2010-10-28 01:47

Barring major oopsies like what NDP did with the Ferries, I'll still vote Lib.

People are so focuse ...
BiscottiGelato 發表於 2010-10-28 00:27

I agree with you on this. I will still vote for Lib simply b/c NDP is worse.

And I can never understand why people are so emotional about this HST decision. If I were him, I would have done the same if I know that I can get a big chunk of money from the fed. Isn't this a good economical decision and good for the people in BC? O well, i guess if people here are not emotional, we wouldn't see this number of BMW running on the street

作者: MSN04 時間: 2010-10-28 01:52

"People with an income of up to $72,000 a year"

Hmm.... Does it mean 15% reduction only for people under 72 grands? Nth for people over 72k?

作者: 快樂牛郎 時間: 2010-10-28 09:27

"eople with an income of up to $72,000 a year"

Hmm.... Does it mean 15% reduction only for people ...
MSN04 發表於 2010/10/28 01:52

er...
u still get deductions on ur first $72000

作者: Look4chrisng 時間: 2010-10-28 09:42

no,

If your org. tax rate is 10%, a reduction of 15% will give you a new rate 8.5%
Your tax bill will be around 500 less per year if you are making around 50K a year.

I am all for consumption tax, so it is a good move. But it is a bit too late for him.

作者: Lik 時間: 2010-10-28 11:03

The Liberals are not the golden boys that a lot of you seem to believe here.

Yes, it is true that they managed the economy relatively well. However, this is done at the cost to a LOT of cuts in various social services. The general neglect on foster child care for the last, what, 10+ years, has came up in the headlines time and again. Healthcare spendings have not been up to par. Funding to education has not been keeping up to the demands -- do you remember from a couple of days ago when schools were gonna be closed down, and parents were out protesting? But in the mean time, Gordo has quietly given himself at least a 40% salary increase, and I actually seem to think that in his 12 years in office, he has given himself and the MLAs at least 2 hefty pay increases that were way above inflation, if not more. Now ask yourself this -- for the same job, when was the last time when you had a 40% increase in salary? You'd be happy if you could even get a 2% pay increase la!

In a healthy society and political climate, what we need is balance. Had the Liberals been able to maintain that over their 12 year reign, I wouldn't mind voting them in again. But to me, at least, while they've done an ok job -- perhaps even a good job -- at managing the economy, they've let things tipped too far off in one direction of the scale. And then on top of that, there is their arragoance issue because they've been in office for too long, and think that they can just shove anything they want down our throats.

So for these reasons, I am prepared to vote the Liberals out. My decision is certainly not set in stone yet, but at this point in time, that's what I am thinking.

-Lik

作者: fibbi 時間: 2010-10-28 11:16

I'm just afraid when NDP comes to power...it's even more corrupted and poor economy...

作者: somewhereintime 時間: 2010-10-28 11:19

回復 8# MSN04

IFF the Liberals announced the income tax cut along with
the HST, they may win another term

作者: shutterbug 時間: 2010-10-28 11:35

15% income tax cut isn't that much...for 72k you save about 1k that's it! However, for people making low income it's meaningless to them but they still need to pay HST!!!

I agree with Lik above, yes, Libs did a decent job is managing our economy; however, at the cost of hurting other important sectors. How many schools have closed down and how about our medical lineups? Cities are not getting enough funds and that's why you see parking tax and etc. His policies are good for bussinesses but not the citizens. Who should we thank for the Winter Olympic debt? Millenium Water? Compared to the NDP ferries, the Olympics is just the same.

作者: fibbi 時間: 2010-10-28 11:43

But at least we got a very nice memory of the Olympics.
What did we get from the NDP ferries?

School is down...is it because we have less kids?

作者: somewhereintime 時間: 2010-10-28 11:49

There is no easy solution for medical service worldwide,
the medical, education and welfare drain all the budget.
Driving all business away is not necessary good for average
people, we learnt from history already.
As I said 10 years ago, award the NDP with the fast cats and
make them to maintain it until they are sold. It would surely
bankrupt the NDP.
A new government should have a better balance between the
labour and business instead of taking side.

作者: BiscottiGelato 時間: 2010-10-28 12:46

Obviously the Liberals are not perfect, nobody says they are. If they are able to maintain the economy well, give you tax cut, keep provincial fiscal in good health, along with prop up Medical, School, and even the City of Vancouver (which are the ones whose raising the parking tax, not the Provincial gov't)... then they are not just a good gov't, they are GOD.

Obviously I don't expect any gov't to be godlike. No gov't are w/o flaws. Even as efficient as the HK gov't, socialism Lik can still find tons of holes in it (and I agree with a good chunk of those accusations too).

All we are asking here is, did Lib do better? or did NDP do better? Do you really think NDP will do better than the Libs if you give them a chance? I think letting NDP come to power is too much of a gamble that the province cannot afford to lose.

作者: Lik 時間: 2010-10-28 13:18

All we are asking here is, did Lib do better? or did NDP do better? Do you really think NDP will do better than the Libs if you give them a chance? I think letting NDP come to power is too much of a gamble that the province cannot afford to lose.
BiscottiGelato 發表於 2010-10-28 12:46

You are entirely correct, and this is what we are debating here. And in a democratic society, we all make our own decisions and agree to go alone with the majority at the end of the day. And that is what democracy is all about.

-Lik

作者: 快樂牛郎 時間: 2010-10-28 13:21

line-ups at the hospital is a direct consequence of low cost.
you can't have cheap and fast services at the same time

so you save $1K from this tax reduction
but do you pay $1K more on HST? I doubt you would pay even $500 more

so you still have a net gain

作者: 快樂牛郎 時間: 2010-10-28 13:23

but a poor economy is not a bad thing
it's time for BC to slow down

作者: BiscottiGelato 時間: 2010-10-28 13:25

but a poor economy is not a bad thing
it's time for BC to slow down
快樂牛郎發表於 2010-10-28 13:23

Heh, want to pick up some cheap houses during NDP reign?

作者: 快樂牛郎 時間: 2010-10-28 14:05

Heh, want to pick up some cheap houses during NDP reign?
BiscottiGelato 發表於 2010/10/28 13:25

but if people are bidding up the prices just because it's a nice place to retire in, then the actual economy might not be relevant.

but ya, i thought everybody wants a crash in the housing market
so why not vote for NDP?

作者: BiscottiGelato 時間: 2010-10-28 17:03

but if people are bidding up the prices just because it's a nice place to retire in, then the actu ...
快樂牛郎發表於 2010-10-28 14:05

Need to get a job at the states first tho LOL.

作者: fm9610 時間: 2010-10-28 21:37

Less Income tax, more Sales tax (HST), I can't see why any of these is a bad thing.

Yes, he is a bi ...
BiscottiGelato 發表於 2010-10-27 22:28

Actually Gordon has done a very bad bad thing for the next government: The tax cut will blow a big hole in the currrent budget and whoever pick it up in the next term will have to make very very smart move to fix it.

I have no doubt the Liberal can fix it but NDP, unless they roll it back against popular wishes, will manage the budget badly, drag the whole BC down with it and get voted out in the next term.

In business, this is called swallowing the poison pill and is used mainly against hostile take-over.

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