BC NDP pledges $400 annual renters rebate

John and Nate

John and Nate

British Columbia's New Democrats have unveiled their election platform, forecasting three years of balanced budgets coupled with big spending promises for affordable childcare and relief for commuters in the Lower Mainland.

Horgan also took on Premier Christy Clark's recent promise that the Liberals would cap bridge tolls at $500 per year. "The people who are going to benefit from this are the people who are already better off than many and in my community where so many people do not have a taxable income, the credit is not really a benefit".

The NDP would increase the corporate tax rate by one point, to 12 per cent, which Horgan said would raise funds while keeping B.C. competitive.

"I think a foreign-uyer tax in the era of [U.S. President Donald] Trump is particularly undesirable", said real estate economist Tom Davidoff of UBC's Sauder School of Business.

When challenged on how the NDP would pay for any expansion at the Delta-Richmond crossing, Horgan said it would be paid for like any other capital project. The Liberals' projected a surplus of $295 million in the 2017-18 budget they released before the election.

De Jong says the NDP's plan "is not possible" unless one of two things happen: "an operating deficit, or massive tax increases", adding it's not sustainable and can not co-exist with a balanced budget.

After abstaining on UN Syria vote, China backs political fix
The tensions amplified in Pyongyang , where Kim Jong-Un is constantly organizing nuclear tests, defying every single warning. No reason was given for the suspension. "Once a war really happens, the result will be nothing but multiple loss".

The party says it plans to make good on a promise to offer renters a $400 rebate, but there will be a threshold based on monthly rent.

He's also promising a two per cent speculation tax for properties owned by people who don't pay tax in B.C.

"For the people who are drawn to the chant 'We're number eight, ' Mr. Horgan has presented a blueprint for getting there", he said.

Horgan said their platform will create 96,000 jobs through investments in schools, hospitals, transit and infrastructure.

Taking questions at Government House, Clark said her party's platform is the only one that is costed and won't require tax increases.

"That isn't right. We shouldn't be redistributing our tax money to the very rich, we should be making sure we spend our resources supporting people who are having trouble staying in their homes".

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