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Liberal Budget Surplus Came at Citizens' Expense
Eliminating Regressive Bridge Tolls just the beginning to a fairer tax structure
NDP’s First Budget Makes Start on Campaign Promises While Appealing for Patience
Corporate taxes are up and there’s money for the fentanyl crisis, education and wildfires, but renters and childcare will have to wait.
Iglika Ivanova, a senior economist and public interest researcher in the B.C. office of the Canadian Centre for Policy Alternatives, said the government did a good job of lowering people’s expectations, so the update included nice surprises.
“That was pretty good for two months in government. It’s a solid start,” she said. Low and middle income British Columbians should see improvements quickly, she said.
Critical Throne Speech Sticks to NDP Platform and Deal with Greens
It was good to see that some of the housing money included a plan for supporting people, she said. “We’ll see how it will ramp up through the government’s mandate.”
Ivanova liked the attention that was given to renters, something that had been missing in recent years as the past government instead emphasized first-time homebuyers. Renters face low vacancy rates and high rates that continue rising, she said. “There’s a huge group of people, especially in Metro Vancouver, who rent and they are suffering.”
It was also reasonable that people and businesses that can afford it will pay more in taxes, she said. “I’m pleasantly surprised by the tax fairness measures.” The province will still have the third lowest taxes in the country, she said. “We’re not talking about a very high increase.”
Ivanova said that while it was disappointing there wasn’t more in the budget dedicated to making $10-a-day childcare a reality, it was understandable. “There’s very little in this fiscal year. I’m optimistic we’ll hear more in February.”
If I understand the Minister of Finance correctly she said it is the Greens that are holding up the annual $400 renter's rebate and the $10 a day public day care.
DBRS reconfirms BC’s AA (high) credit rating!
Where’s the promised renter’s $400 annual subsidy?