B.C.'s carbon tax no longer revenue neutral

[petros]

VANCOUVER - A report from the Fraser Institute says British Columbia's carbon tax is no longer revenue neutral.

The study, co-authored by Charles Lammam, director of fiscal studies at the right-wing research institute, says the B.C. government no longer cuts other taxes to roughly equal new revenues from the carbon tax.

Without that offset, the study finds the province is collecting millions of dollars of additional funds from taxpayers, which Lammam says violates the government's commitment that the tax would remain revenue neutral.

The study says the tax was revenue neutral up until 2013, when the government stopped providing new cuts to offset the additional carbon tax revenue that it was collecting.

Once the pre-existing tax reductions are excluded, the Fraser Institute says B.C. taxpayers paid $226 million in increased taxes in 2013-2014 and $151 million in increased taxes in 2014-2015.

No one from the B.C. government was immediately available to comment on the study's findings.

https://www.bnn.ca/b-c-s-carbon-tax-no-longer-revenue-neutral-fraser-institute-1.673840

 

[captain morgan]

The BC gvt could only hide this imbalance for so long..... Not any surprise that it isn't revenue neutral like they wanted idiots to believe

 

[petros]

Nor does it cut emissions.

 

[captain morgan]

It was never intended to

 

[petros]

How could it with the influx of people who simply don't give a sh-t?

My new "farm truck" an X3 should be in Port any day.

 

[captain morgan]

Nice

Got your Nexus card?... Much shorter lineups at the border crossing when filling up and getting groceries together

 

[Curious Cdn]

B.C.'s carbon tax no longer revenue neutral

Was it ever supposed to be?

(I don't mean the con job that was done on the punters)

 

[petros]

Enhanced license is just as convenient.

B.C.'s carbon tax no longer revenue neutral

Was it ever supposed to be?

(I don't mean the con job that was done on the punters)

Allegedly

 

[Curious Cdn]

Enhanced license is just as convenient.



Allegedly

"Tax" is such an ugly word. Some cynical bastwards used their creativity and came up with a new bafflegab synonym for it.

 

[petros]

If it was meant to be a tax to reduce emissions, it would have been called a hydrocarbon tax.

 

[EagleSmack]

Was it ever?

 

[petros]

Of course not. They needed cash for infrastructure and needed it fast.

 

[Jinentonix]

Of course the real irony will be the reliance on natgas to back up all the so-called green energy. So, we're getting all hysterically flamer over CO2 but have no problem putting even more methane into the atmosphere. Boy, that was well thought out.

 

[petros]

NG is the Ecofascist backbone. The war in Syria is a "Green War". Nobody would give a sh-t if it weren't central to NG pipeline routes going to run industry in Europe.

 

[EagleSmack]

Of course the real irony will be the reliance on natgas to back up all the so-called green energy. So, we're getting all hysterically flamer over CO2 but have no problem putting even more methane into the atmosphere. Boy, that was well thought out.

No kidding!

 

[petros]

Gas is cheap energy.

 

[EagleSmack]

Of course not. They needed cash for infrastructure and needed it fast.

Well the pendulum is swinging back

 

[personal touch]

BC residents are no fools