As always, great aynsalis. Should point out that revenue raised goes into general revenue, but that the revenue neutral commitment from BC Liberals meant tax cuts were a part of the package and indeed overall government revenue went down as a result of this scheme. It gets more complicated if the HST referendum fails, as the BC Liberals will be clawing back the corporate income tax cut to help offset the whopping big-ass hole they've proposed be blown in the provincial budget by reducing the HST to 10% from 12%. Of course business is very happy to suck up a temporary return to 2008 corporate income tax rates if it means a permanent shift of $2 billion in sales taxes from business to consumers.Ultimately, the carbon tax was and is a failure in terms of public policy GHG emissions continue to mount. Politically it was a great success, disrupting the opposition in the 2009 election, and certain environmental organizations attracted significant american philanthropy by their involvement in promoting it.

by Jezky 10:36:28 AM 2012.08.31