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Wall's tax credit cut misses big picture

Published on October 31, 2012
Published on October 31, 2012
Topics :
Saskatchewan Chamber of Commerce , SaskParty , Saskatchewan

Editor:

A new report from the Saskatchewan Chamber of Commerce is further evidence Saskatchewan's growth is despite Brad Wall's efforts.

It highlights a net savings of $1.3 million annually to taxpayers by axing the tax credit and crippling an industry that created 805 jobs.

Just over $1,000 a year per job? Pretty minimal government investment. And that does not include the spin off jobs and local spending

of the film employees with its trickle down effect, estimated at $44.5 million annually. That’s barely more than Atch spent on putting Christmas lights on the now condemned Victoria bridge, with a net gain of zero jobs, and a drop in the bucket of government spending.

Yes, some right wing radio personalities will point out Saskatchewan is still growing and creating jobs (though both at rates slower than Alberta), however, this is due to a strong resource sector. Even if royalty rates were part of the equation, they were created by the former NDP boogeymen.

As far as I can tell, Brad Wall's only strategy, outside of hoping potash continues to do well with the NDP royalty structure, is to beg the federal Conservatives for 2,000 additional immigrant nominees a year. As international migration, and first nations birth rate, remain the two driving catalysts of Saskatchewan's growth. With inter provincial migration treading water near neutral.

Might it be time for Wall to pursue a well rounded economy, so there’s something to keep young people here other than mining and fast food?

Nick Henselmeier - Saskatoon

Comments

  • Username
    Hensel
    - November 18, 2012 at 14:47:19

    Just another Sask Party "surprise" :)

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  • Username
    Left
    - November 9, 2012 at 19:31:30

    I have chosen the pseudonym "Left" as I have left the province, since Brad Wall took office. I have a university degree, and a diploma - need one to get a good job, and I had a productive job in Saskatchewan until Bradley took power. Now, I'm outsourced to Alberta. Not the end of the world, my wife makes way more here, and I make the same. Just sucks I had to leave the province I was born in. Thanks Wall - I am sure the two of us were replaced with three immigrants working at Tim Horton's so you can rest easy, as Saskatchewan is still growing ! Hah ! Love that the other guys on here are even more sarcastic than me. "Dirk" hah!

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  • Username
    Dirk
    - November 3, 2012 at 14:08:44

    The Sask Party sprung all these surprises on the voter. No point in letting anyone know what they were voting for. I think maybe Saskatchewan voters would have liked to know that Brag Wall and company were planning to sell a Crown corp, ISC, axe the film tax credit and up potash royalties, after criticizing the NDP for considering a royalty review. I think it is hilarious the Sask Party was all about campaigning as a middle of the road party, and now, early in the mandate, is trying to cram through all this big stuff they forgot to tell us about. Sure, Sask will continue to do well, because of Potash and Oil. Nothing to do with Brad Wall and the Sask Party, unless of course we have an off year or two of resources... oh yeah, that happened, Wall's first year in power and he racked up a ONE BILLION dollar deficit, in ONE year, TWO billion less than the surplus he predicted. "No point in diversifying the economy eh Mr. Wall?" BEAUTY quote!

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  • Username
    skeptic
    - November 1, 2012 at 17:59:03

    Burn! Wall loves talking big, but really is just good at taking credit for stuff. Being proud of how great the resource sector is doing should not be sufficient to be a premiere. No point in investing in anything to diversify the economy eh Mr. Wall?

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