This hurts everyone. Absolutely everyone. Yes, even transit riders. They’ll increase transit fares for the increased cost of gas. Yes, even bicycle riders. The price of commodities (safety gear, the bikes themselves) will increase because of shipping costs rising.Let's not forget about heating fuel in the winter and about air conditioning in the summer (electricity too is mostly a fuel-dependent energy). Thus, those working from home or walking to their workplaces won't be spared either.
The government suggests the new tax hike will be compensated through a package of tax cuts and credits. But the proposed annual "climate action credit" for low-income families ($100 per adults and $30 per child) as well as one-time mail-out of $100 checks for every BC resident fall short of $1.85B the new tax will bring over 3 years.
Vancouver Sun article mentions $1B over four years committed to fight "climate change", but I noticed no broad-based income tax or sales tax reductions. In fact, the government plans to reduce taxes amount to only $481M over 3 years. The government also plans to spend extra $787M over four years on social services, but that's a spending increase, not a tax credit.
Most of those who commented on the article are upset about the new "green" tax hike:
This will hurt the economy. I will travel less. Shop less. China puts 1000 new vehicles a day on the road. B.C. is a fly on the elephant, and we pay through the nose for gasoline. Is Campbell the new Al Gore? I didn't know the B.C. Liberals were so LEFT WING!!!!!!To make things worse, the only other major parties in BC are the NDP and the Greens...(Paul Levassiere Tue, Feb 19, 08 at 06:32 PM)