Holness promising no income tax for teachers and nurses
Opposition leader Andrew Holness is promising that if the Jamaica Labour Party (JLP) forms the next government Jamaicans will be able to take home $1.5 million of their incomes tax free.
He’s also promising to change things at the National Housing Trust to allow people to access 60 year mortgages instead of the traditional 25 to 30 year loans.
The promises were among ten he outlined in a message broadcast nationally last night.
Holness says the 10 commitments are among many innovative things a JLP government will do to place Jamaica on the path to economic growth and job creation.
Explaining his plans relating to taxation, he said the JLP is committed to real reform of the tax system and will again reduce transfer taxes, stamp duties, estate taxes and personal income tax for persons who make $1.5 million or less.
He also said the JLP would immediately restore the benefits at the Junior Stock Market; list several public entities on the Jamaica Stock Exchange; create a special council of investment ambassadors to seek out large investors from all over the world; and fix Jamaica’s infrastructure.