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B.C. Conservatives Face Economic Challenges in Balancing Tax Cuts, Deficit Reduction and Growth Goals
Economists say the platform’s 3.2% growth forecast is too optimistic and warn tax cuts may force spending reductions or higher taxes.
- The B.C. Conservatives may control two-thirds of the next legislature and face pressure to cut taxes, reduce the deficit, and grow the economy by 3.2 percent.
- University of British Columbia professor Werner Antweiler said that cutting taxes while fixing the budget are contradictory.
- Canadian Centre for Policy Alternatives economist Marc Lee said government spending behind the projected $14-billion deficit is contributing to economic growth.
- Lee said reducing the deficit would require raising taxes or cutting spending, while the Conservative platform projects 3.2 percent growth in 2029 and $2.62 billion in added revenue without tax increases.
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The Toronto Star+29 Reposted by 29 other sources
Cut tax, reduce deficit, grow economy. Can B.C. Conservatives do it all at once?
VICTORIA - With two-thirds of the seats in the next legislature, the B.C. Conservatives may have a resounding mandate to follow through on their election promises to cut taxes, reduce the deficit and grow the economy at 3.2 per cent…
·Toronto, Canada
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Total News Sources30
Leaning Left21Leaning Right0Center7Last UpdatedBias Distribution75% Left
Bias Distribution
- 75% of the sources lean Left
75% Left
L 75%
C 25%
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