Hill Backs Flaherty's Plan
By 250 News
Prince George -Peace river M.P.Jay Hill is standing up for his government's economic update released today by Finance Minister Jim Flaherty “The measures contained in today’s economic statement recognize that there are tough times ahead for Canadians and show that the Government will take action to restrain spending in this period of global economic uncertainty,” said Hill. “We are ensuring that the federal government and politicians cut back at a time when Canadians are tightening their belts.”
Measures in the statement will:
- Eliminate the taxpayer subsidy for political parties, saving Canadian taxpayers an estimated $27M.
- Restrict discretionary spending for ministers and deputy ministers on such things as travel, hospitality, conferences, exchanges and professional services, including polling and consultants.
- Limit public service pay increases to 2.3 per cent this year and 1.5 per cent annually the next three years, including the pay of MPs, Senators, cabinet ministers and senior bureaucrats.
The government continues to plan on balanced budgets. However, considering the ever-changing economic situation, a deficit cannot be ruled out.
“Our government does not take the possibility of a deficit lightly. But we will not engineer a surplus for the sake of having a surplus, or put the future of the Canadian economy at risk.” Hill added, “Any possible deficits will be temporary until the economy is back on the right-footing.”
The Economic Statement also proposes to allow seniors to reduce by 25 per cent, in this tax year only, the amount they must withdraw from their registered retirement income funds, known as RRIFs. “Our seniors built this country. They deserve to live with dignity and respect. We share many seniors’ concerns about the impact of the economic downturn on their retirement savings,” said Hill.
The leaders of the opposition have already publicly stated they will not support this plan and the matter is expected to spark a confidence vote. There is also talk of the development of an accord or a coalition government in an effort to avoid another trip to the polls.
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I didn't vote for the Tories last election, but I will now.