Fraser Institute Tallies Cost of NDP-Green Government
Prince George, B.C. – The Fraser Institute estimates the average family in B.C. will have to pay nearly $600 a year more in taxes under an NDP/Green Government.
In a report released today, the Institute says under the changes proposed by the NDP and Greens, the annual tax burden would increase by $594 dollars for the average B.C. family.
The increase would be largely due to carbon tax and fuel taxes.
The Fraser Institute’s report also suggests higher income taxes, with an additional $144 for families earning between $20,000 and $50,000, a further $389 for families earning between $50 thousand and $100 thousand, and more than $1,000 more for those earning between $150thousand and $250 thousand.
The Institute notes that while the NDP-Green agreement proposes a Climate Action Rebate that will likely protect those in the lower income group from some or all of the tax increases, details of the rebate have not been specified.
The Institute warns other increases are likely because of what it says are “un-costed spending proposals”.