Premier Talks About Economic Plan
By 250 News
Thursday, October 23, 2008 10:09 AM
Prince George, B.C.- Premier Gordon Campbell says his ten point plan can help B.C. weather the “economic Tsunami that is sweeping over the world”.
Speaking on the Meisner program this morning on 93.1 CFISFM, Premier Campbell says the plan will put $144 million dollars back in the pockets of British Columbians. “When people have money in their pockets, it works its way through the economy” says the Premier.
Having recently attended a meeting with the other Premiers on the economy, Premier Campbell says he told his colleagues they had to work together to treat the economic challenges as one country of 32 million people and not province by province. “We need to bring down the trade barriers between provinces and the trade mobility barriers” says Campbell.
Campbell says there was a time when trades people were leaving the province to find work and he doesn’t want to see that happen again “We want to accelerate capital infrastructure construction to keep them working here” says the Premier. Projects that may be on the list for “acceleration” could be the Cariboo Connector, rural roads may be another.
He is optimistic the New North economic summit set for Prince George in January will be a positive step “There are literally billions of dollars of investment that want to come to the north. There is still interest for shippers from China and Korea for Prince Rupert. We have opened the Prince George Airport and we are asking Ottawa for a fully open skies policy so planes can land where they want to not where they are told to, Bio-energy provides enormous opportunity for forestry so there are plenty of opportunities to be discussed”
The 10 point plan also guarantees full deposits “We’ve got total confidence in our credit unions” says the Premier who says the move was to ensure that people didn’t pull their money out of a B.C. credit union and then deposit that money in Alberta where deposits are already given a 100% guarantee.
The Premier says his government wanted to create some tools where people can make some choices about how they are going to get through the next 2 or three year period. “We (the Province) can do the things we have committed to like the 6% lift in health care and increases to education, but we may not be able to do the things we want to.”
Here in Brief are the ten points:
- Unlimited deposit insurance for deposits to credit unions:
- A new pension opportunity: The Province will create a new private
sector pension opportunity for British Columbians who currently have no
access to a pension plan. - An accelerated, 5% retroactive personal income tax cut
- School property tax rebate for industry
- Accelerated tax relief for small business: Effective December 1, 2008
the small business income tax rate will be reduced to 2.5 per cent from
the current 3.5 per cent. - Double commission paid to business for PST and HRT collection:
- Accelerated public infrastructure: The Province will accelerate
public investments in capital infrastructure projects. Funding will
focus on projects without a long lead time that will keep people
employed in our construction sector. - 33 per cent reduction in ferry fares for December and January
- Rein in avoidable government spending: The Province will re-evaluate
spending priorities and focus on scaling back unbudgeted increases. - Recall the Legislature: As a number of these measures require
legislative approval, the Legislature will be recalled on November 20.
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