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[SRATEGY LESSON]

PUTTING THE LEVER .
IN THE RIGHT HANDS |

‘The following item is taken from the May &, 1992
issue of Let's Talk Taxes, a publication. of the. Cana-
dian: Taxpayers’ Federation. The CTF is an Ottawa-

based non-profit organization devoted to exposing «

government ‘fiscal waste and policy flaws.

"Ken Dillen i isa former MLA from Manitoba and
a ‘member of the Advisory Board of the Canadian

‘Taxpayers, Federation. Over supper the other night _

we were talking about wealth creation, taxes, and

what the federal political parties might do during the

nex election campaign.
‘Dillen. ‘says that during the next federal election,

‘one of the political parties is going to call for a 20%
cut in income tax and a 20% cut in government |

spending. .
"The party that does it is going to get elected, "he
says. "People are fed up with taxes,- everybody knows

‘the government spends. too much, and instead of

voters being wooed by promises of more spending,

they want to see cuts in the amount of tax they pay."

Dillen: says a 20% cut in income tax would

amount to $50 a month for a wage earner grossing ©

$18,000 a year, and as much as $150 a month for a
two-income family, He says that the 20% tax cut

-would leave Canadians with around $12 billion more -
“In their pockets to spend ‘on fridges, stoves, cars,
furniture, etc., and he says that a corresponding $12

billion spending’ cut would only amount to about 1%
of total federal spending. |

__. When'l asked him where the government should
cut spending in order to finance the tax cut, he
immediately. answered, "grants and loans to busi-
nesses, bilingualism, multiculturalism, grants to

special interest groups, and defence”,

He says that the public would support spending
cuts if it meant they could pay less tax, and for a
family, keeping an extra $100 or $150 a month would
certainly qualify as less tax.

_ On the other side of things, Dillen believes, that
a 20% cut in income tax would spark a boom in the
economy.

"In order for an economy to grow, we have to see
_new wealth created,” he said. "Money taxed from

people and then spread around by free-wheeling
bureaucrats doesn’t create any wealth.
_ "To create. wealth,” he says, "we have to see
things manufactured and processed."
At the time we were having this chat, we were

sitting in a restaurant, munching on Greek ribs.

“Even businesses like this restaurant don't create
much wealth," he said, pointing in the air with a rib
in his hand, "They are certainly providing a service,

has something. .

and recycling money, but to really see an economy.
- expand, you can’t do it by building a bunch of Mc-:
‘Donald’s Restaurants. We have to see people who'

have enough money to purchase hard “goods, build;

houses, and-expand their activities.” ~.
_After talking to Dillen.for an hour or so about:

what would happen if taxes were cut, I returned to,
my office, where I came across a story about the —

budget of the Liberal government i in 1965. On April:
27, 1965, the headline on newspapers across the’
country was that Finance Minister Walter Gordon,
had cut personal income taxes by 10%. The govern:
ment of the day was looking for ways to keep an
already expanding economy growing, so rather. than
them borrowing and spending more, or taxing and.
spending more, they cut taxes. At the time, Finance
Minister Gordon argued that the main lever "for

‘financial growth was one that had to be put. into the

hands of ordinary taxpayers. He argued that’ the cuts
meant that Canadians would have an extra’ $175
million to spend in 1965, and an extra $265 million
to spend in 1966.

Dillen, like the Finance Minister of 1965, knows

that part of the solution to Canada’s financial crisis
_is to see governments taking less out of the pockets

of ordinary people. As to whether or not people would
vote for a party t that wanted to cut taxes, maybe he .

wo
ots

“_- Kevin ‘Avrain _

roo. , Loe f pe ; are

| TAKE NOTICE that any person entitled to be registered ; as an

REGIONAL DISTRICT OF KITIMAT-STIKINE

TER "LIST
F REVISI

elector in the: Regional District of Kitimat-Stikine may make.
objection to the ratention of any name appearing on the list of
elactors for the Regional District, and the objection may be mada’
_on any. ground that would disqualify the elector or applicant from:
having his name retained or registered as an elector on the list of
electors. This objection must be filed at the Regional District

Office, before May 29, 1992.

A COURT OF REVISION has been appointed’ and will sit at the.
Regional District Office, Suite 300 - 4545 Lazelle Avenue, Ter-
race, B.C. on May 29, 1992, between the hours of 9:00 a.m. and
12:00 neon, and will continue to sit if required, from time to time
thereafter until all appeals have been heard,

The Court of Revision shall hear all complaints and correct and
revise the list of electors. The Court of Revision.

(a) may correct the names of electors incorrectly. stated;

(b) may add hamnes of electors omitted from the list;

(c) may strike from the fist the names of persoris not entitled

to vole or disqualified from voting: .

{d) may correct any other manifest error in the list; or

(e) shall add to the list the name of'a person qualified on August
31 to have his name entered on the list and for this purpose. -
‘the Court of Revision may accept an application as completed
under Section 42 if delivered to the Court of Revision at its. .
‘first sitting,

[and shall add to the list of electors the name of any person who.

is qualified to have his name on the list of electors.

ELAINE JOHNSON.
Naaeatiog OFFICER

plication for Rei istration forms are available from the

A GIONAL DISTRI T OFFICE, or by calling 1-800-662-9208

J (toll free).

Terrace Review — May 15, 1992