WHITE ROCK (July 26, 2019) – While John Horgan and the NDP brag about a whopping $6 billion in increased taxes over the past two years, their 19 new or increased taxes are weighing down a provincial economy that is expected to slow down in 2019.
With the writing on the wall following downgrades of B.C.’s economic outlook from TD Bank and the Business Council of British Columbia to just 2 per cent growth in 2019, John Horgan’s Finance Minister, Carole James continues to be counting on 2.4 per cent growth in the current budget.
“John Horgan and the NDP are trying to paint a rosy picture about the government’s finances, but most of that only exists on paper,” says BC Liberal Finance Co-critic and Surrey-White Rock MLA Tracy Redies. “For example, $950 million of their surplus relates to a one-time accounting adjustment to BC Hydro’s regulatory accounts. So the surplus was much smaller than British Columbians are being led to believe. Further, the surplus is the direct result of a massive hike in taxation including continuing to charge MSP premiums on top of the new Employer Health Tax.”
John Horgan has jacked up your taxes to pay for the $10 billion spending spree increase to help pay for his ongoing failed court battles and union agreements that are making public projects more expensive.
“The government has been warned that the economy is slowing down and yet they continue to rely on revenue from taxing hard working British Columbians to pay for their ongoing spending,” says Finance Co-critic and Prince George-Valemount MLA Shirley Bond. “Now that all of the NDP tax increases have kicked-in we are seeing higher gas prices, weaker retail sales, and even more job losses in the forestry sector. Hardly the focus on affordability that the NDP promised. John Horgan and the NDP are taxing our economy into the ground and its B.C. families who are paying the price.”