Chester Cooper: Import tax reductions = benefit to special interest groups

Cooper"Predictably describing the budget as “a failure”, he said: “It is painfully clear that there was heavy lobbying for and on behalf of special interests, and their negotiators won. So, I ask, who negotiated for the people? Because clearly the special interests got tax breaks, and the poor and middle class got shafted once again." Tribune Business More…

The Tribune is quoting Mr. Chester Cooper, PLP MP.

In order to gain political brownie points Mr. Cooper is offering confused logic as the "tax breaks" he refers to are reductions in import taxes. These convert to a direct benefit for the consumer. Consumers are also the poor and middle class he claims to represent.

New car prices have dropped in price as much as $10,000. A significant benefit to the poor and middle class and any other consumer who ultimately pay the import tax.

Businesses are government's largest tax collector, and businesses, large, medium and small are important for economic growth. And economic growth is crucial to the economy and each and every Bahamian and taxpayer.

As a former President of The Bahamas Chamber of Commerce, Mr. Cooper knows this as well as anyone else.

So where are all the ideas for fiscal and economic improvement coming from Mr. Cooper and the Official the Opposition?

Oh wait a minute, there doesn't appear to be any.

I remain disappointed as Mr. Cooper has so much more to offer than political rhetoric.

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