BC Premier announces income tax cut in televised speech Premier, tax, income, speech, announces

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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."

fm9610

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.

BiscottiGelato

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.

快樂牛郎

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?

BiscottiGelato

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?

快樂牛郎

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

快樂牛郎

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

Lik

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

BiscottiGelato

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.

somewhereintime

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.