NEWS RELEASE: Conservative platform promises tax cuts and spending restraint

Proposed tax cuts include:

• Cutting the lowest personal income tax rate from 15 per cent to 12.75 per cent;
• Scrapping the industrial carbon tax;
• Stopping the capital gains tax hike;
• Removing the sales tax from the purchase of new homes; and
• Ending the escalator tax on alcoholic beverages.

“These tax cuts come with a guarantee to hold a referendum before any new tax
increases,” Binda said. “That’s a great promise which would stop government from
dipping into your pockets on a whim.”

The Conservative platform also pledges to cut billions of wasteful spending, including by:

• Shrinking the bureaucracy through attrition;
• Cutting billions being spent on external consultants; and
• Bringing in a one-for-one spending law so that any new spending must be offset by reduced spending or new revenue.

“The Conservative platform shows a commitment to both meaningful tax reduction while reining in wasteful spending, but it doesn’t go far enough,” said Devin Drover, CTF Atlantic Director. “While families tighten their belts, politicians need to stop borrowing money we can’t afford and wasting billions on interest payments.”

Under the Conservative plan, taxpayers would save $2.4 billion in interest payments over the next four years versus the Liberal platform. The total budget deficit would be $31.4 billion in 2025 and go down to $14.2 billion by 2029.

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For more information & interviews call:
Carson Binda, B.C. Director of the Canadian Taxpayers Federation
Phone or text: 604-719-1677
Email: cbinda@taxpayer.com
X (Twitter): @BindaCarson

Devin Drover, Atlantic Director of the Canadian Taxpayers Federation
Phone or text: 709-222-9092
Email: ddrover@taxpayer.com
X (Twitter): @devindrover