- Global News (54)
Reduction of provincial sales tax will save families and individuals $1.36 billion by 2024
James Teitsma, MLA for Radisson, today proposed that the Legislative Assembly congratulate Manitobans for receiving the financial break they deserve when the Progressive Conservative government reduces the provincial sales tax to seven per cent. In a private member’s resolution, Teitsma said the PST cut on July 1 will save an average family of four about $500 per year while individuals and families will save an estimated $1.36 billion by 2024.
“After years of the previous NDP government’s over-taxation and broken promises, Manitobans deserve a break,” said Teitsma. “Our PC government is giving them just that by reducing the PST on July 1, keeping our promise to do so in our first term and leaving more money for Manitoba families.”
Teitsma noted the Manitoba NDP campaigned for the 2011 general election on a promise to not increase the PST, yet broke its promise by raising it to eight per cent in 2013 without a referendum required by law. Over 17 years, the PST hike and other tax increases under the NDP culminated in costing Manitobans more than $700 million annually by 2016 – the equivalent of raising the PST to nine per cent.
He added the PST reduction, coming as promised by the Progressive Conservatives before the 2016 election, amounts to the largest tax cut in Manitoba history. The tax cut will save a single individual approximately $180 per year and all Manitobans about $300 million annually.
“Manitobans work hard to support themselves and their families, and deserve a break,” said Teitsma. “The NDP believes Manitobans should work harder for the government. We believe the government should work harder for Manitobans.”
Though the resolution was supported by PC members, Opposition MLAs used their allotted speaking time to run out the clock and prevent the resolution from going to a vote.