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NDP Release Costed Platform with Added Spending, New Taxes on Wealthy
The party says the plan is funded by higher taxes on the top 3.88% of earners and would leave a $581 million surplus by 2028/29.
- The NDP released costed campaign promises on Wednesday, aiming to reduce the province's record deficit by about $2 billion over two years. The plan forecasts a deficit of about $12 billion by 2028/29, down from a $14 billion forecast this year.
- Income tax increases for the "top 3.88 per cent" of earners generate $1 billion in new revenue, while $730 million comes from targeted economic growth. The party anticipates a "platform surplus" of $581 million by 2028/29, contributing to the overall deficit reduction.
- NDP Leader David Eby criticized Conservative Leader Lorne Doerkson, claiming his policies would "blow a multi-billion-dollar hole in the budget." Eby argued his party's commitments are fully costed, contrasting them with the Conservatives' lack of released figures.
- Eby also unveiled a forestry plan featuring a $120-million fund for "targeted support" for mills and workers at risk of closure. The initiative, part of the Manufacturing Jobs Fund, aims to facilitate exports to non-U.S. markets.
- The Greens released their costings on Tuesday, while the Conservatives have yet to provide similar figures. These platforms emerge as voters prepare for the Oct 24 election, with party leaders set to participate in a televised debate Wednesday evening.
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BC NDP election costings would see deficit fall to $12B in two years
The NDP has released costings for its British Columbia election campaign promises that would see the province's record deficit fall by about $2 billion over two years. The costings released hours ahead of the campaign's only leaders debate show a deficit of about $12 billion by 2028/29, down from a ...
·Kelowna, Canada
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Total News Sources17
Leaning Left13Leaning Right0Center4Last UpdatedBias Distribution76% Left
Bias Distribution
- 76% of the sources lean Left
76% Left
L 76%
C 24%
Factuality
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