BC United Proposes Largest Income Tax Cut

BC United leader Kevin Falcon has proposed the largest provincial income tax cut in British Columbia's history, aiming to eliminate provincial income tax on the first $50,000 earned by residents. This policy would save taxpayers an average of $2,050 annually and eliminate provincial income tax for 60% of residents, impacting the provincial budget by $5.4 billion each year. Falcon claims this can be offset by increased private investment and personal spending without cutting services. Critics, including the NDP and BC Green Party, argue the plan is reckless and would necessitate significant budget cuts. The proposal is part of BC United's strategy to address affordability amid rising costs and to gain traction in the upcoming provincial election.