Showing posts with label Economy. Show all posts
Showing posts with label Economy. Show all posts

Wednesday, October 21, 2009

Premier Wu Promises No New Taxes for Now

Yesterday, another talk made by our new Premier Wu Deng-Yi was on taxes. He argued that the environmental and green taxes, that have not been proposed yet, should come only gradually.

Since the economic downturn around two years ago, companies are still struggling to stand up, and more taxes would increase the "atomospheric weight" making it harder to rise.

As it may be obviously, small business owners and even individuals are only welcome to tax cuts and deeply detest tax raises, especially taxes, like this time, on petroleum and coal.

After making his point, Wu is a magician: "With Wu's guarantee, the weighted share price index on the stock market managed to make a minor gain of 2.20 points to 7753.52 points."

Head of Legislative Yuan, Wang, sounded nonchalant. He said that the Yuan will only discuss the bill if it is constructive, and when the time is mature

I think that Wu himself has fought many hard battles, and won and lost across the island. Upon being defeated by Hsieh in 3 elections ago on Kaohsiung, he was promoted to secretary. Then, he kept his position as Nantou Legislator. And the first day as Premier, DPP's three whips launched a vulgar verbal revolt on him. Wu himself is to be commended because he himself never gave up.