Column: Tyrrell On Budget, Budget Reply & More
[Opinion column written by MP Neville Tyrrell]
The OBA’s response to the 2024 Budget Statement is predictable. While most Bermudians are hoping for Bermuda’s success and hoping for the elevation of conditions for Bermuda’s working and middle class, the OBA seems to be determined to promote a “doom and gloom” narrative and almost seems to be hoping for the failure of Bermuda’s economy.
The Progressive Labour Party prefers to take a realistic, albeit positive view of Bermuda and our people.
- Delivering the first balanced budget in 20 years all without any new taxes nor any increases in taxes or government fees.
- Delivering the first balanced budget in 20 years while keeping payroll taxes for struggling Bermudians at the lowest rate in history.
- Tourism arrivals up
- The highest number of Bermudians working in International Business in decades.
- The opportunity presented by the new Corporate Income Tax [CIT] is to pay down the debt and provide greater investment in our people and our infrastructure.
- More affordable housing is on the way and the restoration of our roads is in progress.
Bermudians recognize that the OBA has a vested interest in wanting to paint a picture that our country is failing, as they know that their non-existent or reheated failed ideas simply are not enough to convince Bermudians that they have changed.
A Bermuda headed in the right direction, as shown by outside rating agencies,is good for Bermudians. Yet, the OBA knows this is not good for themselves. They repeat their own messages of doom and gloom strictly for their own narrow political purposes.
The irony is the very same CIT that Senator Decouto speaks so negatively of, we can guarantee that under the OBA, it will not be put towards; affordable housing, or seniors programmes, or infrastructure.
How do we know? Because the OBA government showed us their priorities in their one term of governance.
Like you, we know that despite Bermuda heading in the right direction, many of us still haven’t felt it in our wallets and our households. We will continue working harder for you and continue to keep fighting for you.
- MP Neville Tyrrell, Constituency 26 – Warwick South Central
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