11mo ago

B.C. United promises major income tax cut if elected

www.cbc.ca /news/canada/british-columbia/b-c-united-promises-major-income-tax-cut-1.7293343

For anyone not keeping up, BC is about to have a election in 2 months. The current opposition party/previous incumbent party is currently polled to be almost completely wiped out in the election by the BC Cons. so this seems like a go for broke maneuver.

A B.C. United government would eliminate the provincial income tax on the first $50,000 earned by every British Columbian, Leader Kevin Falcon announced Tuesday.
The move would save British Columbians an average of $2,050 a year each at a time when people are struggling to afford the rising cost of living, Falcon said.
The tax cut would cost the province $5.4 billion in tax revenue, B.C. United says.

13 comments

Why though? Are we going to match it with a tax increase over 100k?
I honestly don't want a tax cut if it'll just accelerate our provincial debt.
- They're conservative. It's going to mean removing services and selling off crown assets.
  
  Yup, and that terrifies me.
  Dammit BC. Shut up and take my money! I know it's a lot but the services are worth it.
Why on earth would we believe the Liberals this time just because they changed their name?
I still remember when they got voted in on a platform that included rejecting the HST… only to have them implement the HST without telling anyone.
And like was already mentioned… I WANT public healthcare, a functional road network, resource management that will still have resources to manage in a decade, and all the other things my tax dollars pay for. Income tax is already stratified and based on a percent of income in the tax bracket. Since we’re going to have to start footing a bigger bill each year to deal with global warming (wildfires, floods, slides, water shortages, electricity shortages, vanishing glaciers, migrating wildlife, viral outbreaks), I’d like there to be enough money flowing in to handle all that.
This might be a blessing in disguise. The BC Liberal party (BC United) posing as liberals would no longer confuse or split the left vote. It's NDP vs the conservatives, plain and simple.
- From my post a few days ago for the BC Housing thing. The green votes should also consolidate into NDP as well given their current position on things.
  Former Green Party leader Andrew Weaver(climate scientist) has been making rounds saying he's a big fan of the BC Cons led by a guy that says carbon is good for the environment.
  https://www.cbc.ca/news/canada/british-columbia/andrew-weaver-shows-support-bc-conservatives-1.7262839
  
  Oh boy the Greens mask seems to have fallen off a bit.
Lol. Last gasp of the dying BC liberals. IMHO Krusty Clark and her accomplices can’t shake their past embracing organized crime at BC casinos.
Even rebranding can’t save them because we know.
They might cut taxes and put tolls back on bridges like they did last time?
Since the article didn't include on relative terms what it means:
From the BC Budget and Fiscal Plan 2024/25 - https://www.bcbudget.gov.bc.ca/2024/pdf/2024_Budget_and_Fiscal_Plan.pdf
Revenue by Source pg.148
In comparison to budgeted expenses 2024/25
Double what we spend on transportation (2 .775B)
Total Healthcare(35.944B)
Just for the Cons amongst us. Debt servicing(4.105B)
Expense by Function pg.150

13 comments