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Sunday, June 26, 2022
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WP – WE DON’T SUPPORT GST HIKE, BUT $1.5B SUPPORT IS STEP IN RIGHT DIRECTION

The Workers’ Party said in a Facebook post on 22 June that the government’s $1.5 billion support package to help Singaporeans cushion the impact of inflation is a “step in the right direction”, but they also added that they do not support the increase in GST.

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They said that they “note the $1.5 billion support package which provides some short-term relief to households, but this was also funded from better than expected fiscal outcomes.

The party added that they do not support a GST hike, but they agree that the government has to expect global inflation to broaden other areas and even to pick up further.

The WP said that “inflation continues to rise and is at a decade high, and Singaproeans are bearing the brunt of it.”

They reiterated their stance and said that they will continue to argue against the proposed GST increase in parliament, as well as for alternative forms of revenue generation such as wealth taxes or raising the reserves contribution ceiling.

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May be an image of text that says "SUPPORT PACKAGE A STEP IN THE RIGHT DIRECTION We note the $1.5 billion support package which provides some short-term relief to households. BUT This was also funded from better-than-expected fiscal outcomes."
May be an image of text that says "THE WORKERS' PARTY DOES NOT SUPPORT A GST HIKE $ $ SL We agree with the government that "we must expect global inflation to broaden to other areas and even to pick up further" Inflation continues to rise and is at a decade high, and Singaporeans are bearing the brunt of it"
May be an image of text that says "SAY NO TO GST HIKE The Workers Party will continue to argue against the proposed GST increase in Parliament as well as for alternative forms of revenue generation, such as wealth taxes or raising the reserves contribution ceiling. cO2 $ $"
May be an image of one or more people and text that says "EARLIER THIS MONTH, ANALYSTS SAID SINGAPORE'S OVERALL INFLATION FOR 2022 IS NOW EXPECTED TO HIT 5%, UP FROM 3.6% IN THE PREVIOUS SURVEY RELEASED BY THE MONETARY AUTHORITY OF SINGAPORE. Yet, the government still wishes to press ahead with raising the GST rate from 7% to 9% in two stages one percentage point each time on Jan 1, 2023, and on Jan 1, 2024. THE WORKERS' PARTY CANNOT SUPPORT THIS"
May be an image of 1 person and text that says "BUDGET DEBATE 2022 " While the GST hike was anticipated, it comes at a difficult time for our people. Inflation is on the upswing and prices are high. as The Workers' Party has previously raised several proposals in this House, on both taxes as well adjustments to the reserves framework. These options do not constitute a raiding of the reserves as the PAP enthusiastically and inaccurately portrays. " Pritam Singh Leader of the Opposition 28 Feb 2022"
May be an image of 1 person and text that says "WP Secretary-General's General's New Year's Day Message 2022 for 2022 will be a year of new challenges Singapore and Singaporeans. Higher prices across many basic needs have hit the headlines in the recent days, weeks and months. These include higher electricity prices, higher transport fares, and higher A&E hospital charges, amongst others, accounting for some cost pressures that are likely to become more acute going forward."
May be an image of text that says "" "The WP will continue to argue AGAINST the GST hike." ""

Source: The Workers’ Party on Facebook

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