B.C. NDP unveils financial details of election platform

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      The B.C. NDP has proposed increasing taxes, running a deficit, and reallocating spending as part of a financial plan that will form the foundation of its election platform.

      Finance critic Bruce Ralston and former party leader Carole James outlined the details of the financial plan during a news conference in Vancouver today (April 11).

      The Opposition NDP, which is seeking to defeat the governing Liberals, projects its proposed measures will generate $2.03 billion in revenue over three years.

      The party also says it would run the provincial deficit it claims already exists under the Liberals while aiming to deliver a balanced budget in 2016-2017.

      “Our plan is balanced; our spending commitments will now match the revenue sources,” Ralston told reporters.

      The measures include an increase to 19 percent to personal income tax for the top two percent of earners on taxable income over $150,000 starting in January 2014.

      The NDP also says it would expand the carbon tax to cover vented emissions from oil and gas operations starting in April 2014.

      Other measures include a previously promised one-percent increase to corporate income tax and reinstatement of a corporate capital tax on financial institutions.

      The party would also shift $562 million in program and discretionary spending planned by the Liberal government to other areas over three years.

      The NDP plans to release specific platform proposals based on the financial plan once the election campaign is officially underway.

      B.C. voters head to the polls on May 14.

      Comments

      11 Comments

      Denise

      Apr 11, 2013 at 12:52pm

      Sounds good, and I hope in the full budget there is investment in Green jobs and energy!

      DavidH

      Apr 11, 2013 at 1:35pm

      And any minute now, the conservative right will start with the "tax and spend" mantra, invented decades ago specifically for stupid people.

      Tax and Spend? Yep. That's what governments do folks, and that's why we have governments. They collect taxes and spend them on things we collectively need or want.

      A better insult to the NDP might be "tax and waste". A better insult for the Lib/Cons might be "tax and cheat".

      But "tax and spend"? Don't be so ridiculous.

      cuz

      Apr 11, 2013 at 2:09pm

      More like "taxes we don't need spent on programs we don't need". I don't think anybody is surprised the New Debt Party proposes more taxes. Here's a thought - why not make do with the extremely high taxes we already pay. Little things like balancing a budget, and not taking $70,000 dollars in severance pay when you resign in disgrace for forging government documents during a police investigation. Yeah, we all know governments tax and spend. But the spending part should be balanced and not just given to those unions and such who support your party. We all pay taxes regardless of political affiliation (well, most of us), so why not spread the spending around evenly?

      RUK

      Apr 11, 2013 at 3:22pm

      @cuz

      You can balance a budget quite easily: do you prefer to eliminate the fire department, schools, highway renovations, what?

      As for unions, they are not the cheapest labour, of course. But they may be the best value, if they do indeed provide quality work, pay good wages that retain experienced skillful workers, and support mentorship and apprenticeship that will create the next generation of skilled workers from the youth of own province, rather than having to import skilled workers from abroad.

      However you are pointing out a very strong argument, which is that the NDP is historically feeble at making a rational business case for its actions. The most able and passionate voices of the Left are those who advocate for pure justice matters, as if you can win an election getting anyone to give a shit about mental illness.

      dk

      Apr 11, 2013 at 4:02pm

      If your going to expand the carbon tax then give the people living outside the lower mainland the same transit that they have in Vancouver as we have no other way to get to work other than our own cars.

      Mp

      Apr 11, 2013 at 7:31pm

      Looks like the people that are affected by the tax hike will just have to move to Alberta. Then who will pay for all you free loading Liberals?

      Ali Said

      Apr 11, 2013 at 8:22pm

      So Daniel Veniez in the Straight...
      "Daniel Veniez: NDP Leader Adrian Dix bears no resemblance to B.C. Liberals' caricature
      by Daniel Veniez on Mar 1, 2013 at 7:10 pm

      "He told me that he has no plans to increase personal income taxes beyond what was just announced in the provincial budget."

      The BC Libs raised the rate from 14.7% to 16.8% in their last budget for those making over $150k/y.
      The NDP under Dix would raise this to 19%!

      So much for Veniez accountability and Dix's word...

      Wake up folks!

      Apr 11, 2013 at 10:17pm

      The NDP have purposely manufactured an unbalanced budget to cover themselves for the excessive spending to come.
      If you remove revenue from a budget of course its going to run a deficit - that's all the NDP have done.
      Mark my words - the NDP have massive amounts of money earmarked for programs, union wage hikes and other back room promises. The $790 million that is supposedly a shortfall of the current budget is actually the NDP's spending cushion.
      Ask yourself one question... if there really was such a big hole in the budget then why are they not addressing this problem? They plan to raise taxes right? wouldn't it make sense to use these taxes to fill the apparent gap in spending?
      NO...because there is no deficit.
      They simply plan to run one themselves and blame it on the liberals...they'll probably call it the burden that they have to carry.
      This NDP is no different then any other NDP - Lies, manipulation and deceit.
      One more piece of info for you all to mull over - right now most major employers and planning to pack-up and head east. They are not scheduling any new projects in BC. There will be no new economic development in the province of British Columbia, its much cheaper to do business where an NDP government is not taking away profits.
      No big business = no jobs = no economy
      The NDP are playing on your hopes and dreams but the funds for those dreams are mobile - think twice on May14th.

      Ali Said

      Apr 14, 2013 at 10:35am

      So many thumbs down for my post asking Veniez to come clean... I would have expected the Straight editor at least to require their Op ed author to come clean...
      So much for integrity.

      Martin Dunphy

      Apr 14, 2013 at 2:13pm

      Ali Said:

      So you expect every word in someone else's OPINION piece to conform to your political and societal expectations and threshold for accountability?
      And an editor's job is to police other people's writing for YOUR expectations?
      And that is your definition of the Straight's "integrity"?
      And you are NOT living on the Bizarro world?
      There is your explanation for the thumbs down, monsieur.