NEWS RELEASE · 24th February 2012
Cummins delivers response to the budget at Surrey Board of Trade
John Cummins, Leader of British Columbia's Conservatives delivered a major address to the Surrey Board of Trade,Thursday, summarising the BC Conservatives' response to 2012 Provincial budget.
Cummins on the budget as a whole:
"We got a budget that takes us backwards. Corporate taxes are going up. Small business taxes are going up. Medical Service Plan premiums are going up. Gas taxes are going up. All of which will make businesses in BC less competitive, less able to expand and hire more people. To make matters worse the cost of living will increase as well. Hydro rates are going up. Insurance rates are going up."
"Tuesday's budget was not a conservative budget. It was not a restraint budget. It was a budget devoted to out of control spending, a doubling of the debt in only eight years, raising taxes on job creators and raising the cost of living of everyday British Columbians. It did nothing to address the problems that BC faces."
Cummins on Falcon's plan to raise corporate taxes:
"Think about that - the so-called free-enterprise Finance Minister who thinks the solution to low economic growth is higher taxes on corporations. I believe just the opposite. If we want to create jobs we should be lowering tax rates, not jacking them up."
Cummins on the small business tax hike:
"But the Liberals cancelled that tax cut. In effect they have raised taxes on small business. This fiscal year this hike will cost small businesses in BC $281 million this year alone. I've run a small business and I know how thin margins are, I understand how difficult it is to make ends meet in this economy, and I know how easy it is to put off a major investment or hiring a new employee. I know small business people who were counting on this tax cut, and are now having to redo their plans for 2012 because they will have to pay more taxes than they expected."
Cummins on out of control spending:
"And that's what BC has - a spending problem. This budget is trying to claim that spending will drop this year by about half a billion dollars. Nothing could be further from the truth. The government has booked the entire cost of the $1.6 billion HST re-payment to Ottawa in the 2011/12 fiscal year... Which means that spending is project to go up by about $1.1 billion over the next year."
"Next year spending is projected to go up by 2.5%, but real growth in the economy is projected to increase by only 1.8%. The economy is the tax base, and if spending keeps growing faster than the economy the province will end up going down the path of Ontario, or even worse Greece. Just like when the NDP was in power spending is out of control."
Cummins on what British Columbia's Conservatives would do differently:
"Two of the core principles of British Columbia's Conservative party are that we must live within our means and get government out of the way of economic growth... The approach a new BC Conservative government would take has two essential components - tax relief and spending restraint."
"A BC Conservative government would undertake a comprehensive spending review and cut and eliminate programs based on the following criteria:
• Does this program help economic growth?
• Does this program help people who, through no fault of their own, cannot help themselves?
• Does this program make BC a safer place to live, work and raise a family?
The simple truth is that if a program does not do one of those three things, the government has no business providing it. If a program does not meet one of those three criteria it will be phased out or eliminated outright."
Cummins on why our province needs British Columbia's Conservatives:
"This budget is proof of why we need the BC Conservatives. When it comes to spending and taxes the Liberals have more in common with the NDP than with the Conservatives. We are doing this because we know that the people of deserve better than two tax-and-spend parties. BC can lead Canada again, we can make BC the most attractive province to live, work, invest and raise a family."
Comment by blocky bear on 24th February 2012
WHAT BARRY SAID!
Waste of Time
Comment by barryeng on 24th February 2012
John Cummins, and a lot of others are complaining vociferously about an increase in corporate taxes in this new budget. That is a waste of time. Leaving aside the validity of such a tax increase in the first place, we must remember that this very minimal increase :
1) is only a measly one percent, not even really worth comparing to an immediate 4% MSP premium,
2)is only projected to go ahead IF the economy of the province has improved enough to warrant it, and then is maybe temporary,
3)will not even take effect until the middle of 2014, two years, and at least two more budgets from now,
4)will only take effect long after the next provincial election, which the present ruling party has little or no chance of winning.
Both right wingers, and left wingers are complaining about this budget, but to specify a corporate tax cut as a major issue in it is not really worth the effort.