Taxpayers' Union Clarifies Fuel Tax Relief Proposal to Avoid Deficit Increase
The Taxpayers' Union refutes David Seymour's claim that a temporary fuel tax cut would increase borrowing. They propose redirecting funds from the Provincial Growth Fund to the National Land Transport Fund to facilitate tax relief without impacting the deficit or transport investment.
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The Taxpayers' Union has responded to David Seymour's comments regarding a temporary cut to fuel tax, asserting that their proposal would not result in increased borrowing. Executive Director Jordan Williams stated that the Union advocates for reallocating funds from the inefficient Provincial Growth Fund to the National Land Transport Fund.
This reallocation would allow for tax relief at the pump while maintaining deficit levels and supporting transport infrastructure. Currently, taxes constitute over 44% of fuel prices, and the Union emphasizes that true tax cuts come from reducing wasteful spending.
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