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NEWS RELEASE · 17th November 2010
Office of the Premier
The BC Government's Executive Council has decided to suspend a planned 15 per cent reduction in personal income tax rates for the first $72,000 of personal income.

"In order to ensure the Executive Council has maximum flexibility to set government's economic and fiscal agenda, Cabinet has decided to suspend the planned tax reduction." said Premier Gordon Campbell.

"The Cabinet has decided that during this period of transition it is important that decisions are not made that would unnecessarily limit Executive Council's ability to set priorities and implement their agenda for government."

The 15 per cent personal income tax rate reduction was subject to legislative approval and would have applied to earnings up to $72,293. It was announced October 27 and would have taken effect Jan. 1, 2011.

Executive Council also decided, in consultation with the BC Government Caucus, that the 2011 Speech from the Throne would proceed on February 14, 2011 and would be limited to outlining the transition period between February 14th and when a new Premier is sworn in.

Executive Council also directed that the budget be tabled in accordance with statutory requirements on February 15, 2011. The budget will be a status quo budget, with no new initiatives beyond what is statutorily required.

"These measures will ensure that government meets its legislative obligations and protects key government services, while providing the Executive Council with the opportunity to set their own social and economic agenda for the province," said Premier Campbell.
The Bright Side
Comment by Cory Wardrop on 18th November 2010
At least this announcement didn't cost us the
taxpayers $240K.
Gerry
Comment by Helmut Giesbrecht on 18th November 2010
You may be right that it is punishment for not giving Campbell a boost in his "approval" rating. Perhaps the rest of the cabinet felt that the money they gave up in the tax cuts is better used by his successor just before an election. Either way the price for it is service cuts. If the liberals lost they wouldn't have to worry about it and the new government would be saddled with the job of balancing the books just like in 1991. If the liberal win in 2013, would have another 4 years to make us pay for the "bribe" of our own money. Sneaky eh?
Read the last paragraph again.
Comment by Helmut Giesbrecht on 18th November 2010
What it says is exactly what everyone predicted that the cuts would be an excuse to follow with some pretty massive cuts in services. The revenue shortfall would have to be addressed in the only way they (the liberals) know. That wasn't mentioned in the fireside chat. Surprise!
Not Surprising
Comment by Barry English on 18th November 2010
Not surprising. With the deficit we have, BC cannot afford another useless bribe from Campbell. Especially one that does nothing to restore the government's credibility.

What is surprising is that the cabinet has finally come to a decision contrary to something that Campbell himself wanted. It's been a long time coming, but internal solidarity is finally imploding, despite what Campbell and Hansen say.
Sorry!
Comment by Gerry Hummel on 18th November 2010
Look, to Mr. Ippel and Mr. Smyth my deepest apologies I feel that my letter to the daily saying good ridance to the tyrant may have upset his royal highness Campbell so much he cancelled the 15% tax cut we were all gonna get! Guess now your sorta glad the Canucks payed Campbells way to Hockeyville and Kraft payed for the upgrade to the arena . Wonder what the hell Campbell was doing here then anyway, they could have given his seat to some poor little kid from one of the many unemployed forestry workers around here who because of Campbells policies no longer have employment. By the way nice to see this corrupt government coming apart at the seams Campbells treatment of his cabinet is disgusting!