VICTORIA — Though Finance Minister Carole James managed Tuesday to keep the B.C. budget in surplus, it was mainly thanks to new taxes.
For the women who have to pay the tax, about half of their number are married or in a common law relationship with someone who is also earning enough to be subjected to the tax. Double incomes, double tax. James also announced that come July 1, carbonated beverages containing sugar or other sweeteners will lose their exemption from the seven per cent provincial sales tax.
Make of it what you will. But in political terms, when Carole James said she was asking some people to “pay a bit more,” she was mostly targeting rich men in the first instance, and young men in the second. The government is projecting cumulative surpluses of $780 million over the same three years. Without the taxes, there would be no surpluses.
The contributing factors, all well known, include not enough wood to feed all the mills, slumping wood prices, high production costs and declining markets. As well, some of the debt measures, like the share of revenues going to pay interest, are lower than they were the last few years under the B.C. Liberals.
Making those on fixed income suffer even more!
robshaw_vansun Can we stop with the tax increases please?
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