Costs of dumping HST coming home to roost?
The blame for this deficit disaster rests with those culpable, Gordon Campbell, Kevin Falcon and the rest of the Christy Clark Liberals.
It was foisted on British Columbians within weeks of an election that was not part of the Liberal platform.
Indeed, it was categorically denied that it was even on our radar.
But, I humbly offer Mr. Falcon a solution to this $2.2 billion deficit:
The Liberal government decreased the corporate income-tax rate to 10 per cent, from 16.5 per cent in 2001, saving corporations $7.7-billion in tax cuts.
These savings were costs shifted to individual BC taxpayers.
Did these cuts create more jobs? Not at all, as BCs unemployment rate is higher now than in 2001, when the Campbell era began.
BCs August 7.3 per cent unemployment rate continues above the national average and significantly higher than Alberta, Saskatchewan and Manitoba.
Mr. Falcon, a reversal of these unproductive cuts will reduce your deficit, eliminate the 2001 Liberal user fees and put more money in the taxpayers pocket, increasing overall disposable income thereby truly stimulating BCs economy.
Just a suggestion.
Port Moody, BC