NEWS RELEASE
February 29, 2000 For Immediate Release
TAX CUT PROMISES FROM THE SAME PEOPLE THAT PROMISED TO ABOLISH THE GST
"This budget fails to recognize the real calamity facing farmers and community life on the Prairies."
Ottawa – Garry Breitkreuz, MP for Yorkton-Melville, had little praise and lots of criticism for the Liberal government’s millennium budget. "Liberal promises of tax cuts over four years should be tempered by the fact that this is the same political party that promised to ‘scrap, abolish and kill the GST’ in the 1993 election," observed Breitkreuz. "The end of $2 billion a year in ‘bracket creep’ tax increases was totally unexpected from the Finance Minister. Taxpayers thank Mr. Martin for finally implementing a proposal Reform has been recommending for the last five years. The worst oversight in this budget is that it completely fails to recognize the real calamity facing Saskatchewan farmers, and community life on the Prairies."
"Tax fairness and treating families equally was also totally ignored in this budget," reported Breitkreuz. According to the government’s own budget documents, a typical family of four with two incomes earning $50,000 a year will pay $2,836 in federal tax in the year 2001. A typical family of four with one income of $50,000 will pay $5,685 in federal tax. "This means that the single income earning family of four will pay $2,849 (100%) more in federal taxes than the neighbouring family of four with two income earners."
Other observations made by Breitkreuz in response to the budget:
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For more information, please call:
Yorkton Office: (306) 782-3309
Ottawa Office: (613) 992-4394
e-mail: breitg@parl.gc.ca