Premier Says HST Will Bring Savings
By 250 News
Thursday, September 03, 2009 10:42 AM
Prince George, B.C. - When it comes to the HST Premier Gordon Campbell firmly believes the savings reaped by companies will be passed along to consumers, “Virtually every product in the Province of British Columbia will be lower in cost” says Premier Gordon Campbell, speaking on the Meisner program on 93.1 CFIS-FM this morning.
The Premier says in the Atlantic provinces, the studies indicate all the savings generated by the HST (which is already in place there) were passed through. “When we are part of a small open global economy, one of the things we want to do is make sure our industries are competitive internationally so that we win on the international stage and there is no question the HST will do that.”
The Premier says in the long term, people will know they are ahead. “I think if you look at a seniors’ couple, earning $30 thousand a year, will be about 200 and some odd dollars ahead of the game after the HST is brought in.”
Speaking to the fact that funding has been reduced or eliminated from a number of programs, the Premier says there are still thousands of groups receiving funding, "We wish we had the resources, but we don’t if we’re going to protect health and education like we said we would.”
British Columbia is not unique, says the Premier, Alberta has a $6.9 billion deficit and Ontario is facing a deficit of $18 billion plus. “When you have a challenging time you’ve got to make difficult decisions and we are willing to make those tough decisions on the basis of what’s best for the future of our province and our kids and our grandkids.”
He says the HST was the right decision to make given the financial hits the province has taken through reduced revenue from oil and natural gas as well as corporate and personal tax revenues "And you look at what's the right decision to make, not what's the most popular decision to make. There's not a politician who wouldn't love to be popular all the time. But if I was running for office to be popular, then I wouldn't be accomplishing much. There are times when you have to do what's right and if people are angy about it, I certainly understand. If they are frustrated by it, I understand, but I still have an obligation to try and do what's best and if that means I've got to make tough decisions, then I've got to make tough decisiions."
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Then he goes to say that government revenues will be helped by HST: "He says the HST was the right decision to make given the financial hits the province has taken through reduced revenue from oil and natural gas as well as corporate and personal tax revenues"
Isn't it one or the other. How can there be savings for us, but more money for the government?