NDP leadership candidate Adrian Dix calls for B.C. corporate tax cuts to be cancelled
Adrian Dix today (February 2) proposed increasing corporate income tax rates and directing the revenue toward addressing such issues as climate change, public transit, and inequality.
Dix, a B.C. New Democrat leadership contender, has called on the provincial government to reverse tax cuts implemented on July 1, 2008, January 1, 2010, and January 1, 2011.
“I’m saying today we should cancel those tax cuts in the last three years and refocus that money on other priorities,” Dix told the Straight by phone.
He says his plan would add $268 million to B.C. government coffers for 2011/2012 and $338 million for the following year.
“We will still have tax rates that are very similar to the national average,” said Dix, the NDP MLA for Vancouver-Kingsway.
The additional tax revenue could also be used to “increase tax fairness and boost our long term economic prospects”, he says in a news release.
Asked by the Straight what can be done to implement the proposal, Dix said: “I’m making the case, but I’m hoping that we’ll have a new government that’s committed to reducing child poverty, that’s committed to building transit and using carbon tax revenues to actually build transit in our community.”
“I’m hoping there’ll be a new NDP government and I intend to lead it,” he added.
Dix criticized the B.C. Liberal government’s approach to reducing corporate taxes, claiming the strategy has failed to yield enough economic benefit.
He also said the corporate tax cuts in January 2010 and January 2011 coincided with increases to MSP premiums and long-term care fees.
“So you have money going directly from a family of four earning $35,000 and from a vulnerable senior to some of the largest corporations in the province,” he said. “That’s just not fair.”