British Columbia New Democrats promise balanced budget, higher corporate tax
COQUITLAM, B.C. — British Columbia’s New Democrats are promising three years of balanced budgets while also reining in auto insurance rates and BC Ferries fares if they win the provincial election.
The NDP expects to finance its campaign commitments by reversing a Liberal tax cut to people who earn more than $150,000 a year, hiking the corporate tax rate and putting a price on housing speculation.
“It’s affordable. It makes sense. It’s fully costed,” NDP Leader John Horgan told supporters Thursday as he released his party’s platform at a restaurant in Coquitlam.
The NDP says it will phase out medical service premiums and eliminate interest on student loans if it wins the May 9 election.