Inside this issue: Robin Hood in Reverse: Who Benefits from Business Summit Tax Cuts Are Spending Cuts & Privatization the Answer for BC?
Taxes and tax cuts
Inside this issue: Personal Taxes in British Columbia Lowering Taxes Does Not Lead to Increased Government Revenues
Inside this issue: The Global is Local: Shrinking the Public Sector in BC Cost Shift: How British Columbians are paying for their tax cut
Inside this issue: Spending cuts are the wrong choice for BC Reckless and Unnecessary: BC's January 17 budget and job cuts announcement In Service of Business: BC's New Plan for the Environment
(Vancouver) The Canadian Centre for Policy Alternatives released a major new study today called Cost Shift: How British Columbians are paying for their tax cut. The study examines a dynamic the Centre calls "cost shifting"--the transfer of costs off the government books and onto individuals, families, and in some cases employers. It reveals that while some individuals and families remain ahead financially after the tax and spending cuts, the gains of most are either precarious or have already been wiped out.
In June 2001 the provincial government introduced massive income tax cuts. It promised this would put more money in British Columbians’ pockets without a reduction in public services. Cost Shift looks at what actually happened. It finds that costs for public services are in fact being transferred off the government’s books and onto individuals and families, and in some cases employers. Although income taxes were reduced, other fees and taxes have increased.
(Vancouver) A new study from the Canadian Centre for Policy Alternatives shows that BC’s income tax cuts concentrated dollars in Greater Vancouver, already the wealthiest part of the province, while smaller communities are being hit hardest by the spending cuts.
Canadians may remember Paul Martin’s pledge upon becoming Finance Minister that he would eliminate the government’s deficit, “come hell or high water. He fulfilled that promise mainly by slashing support for health care and other social programs, giving Canadians in the process painful doses of both hell and high water.
Ottawa--Canadians remember Paul Martin as the man who slew the deficit dragon "come hell or high water. " He fulfilled that promise by making the largest non-military public program cuts in Canadian history.