Premier Gordon Campbell's ten point economic plan was released just last week. But it didn't take long for provincial Liberal Vancouver-Fairview by-election candidate Margaret MacDiarmid to turn that plan - which was announced on taxpayer-funded television - into a political selling point. Her campaign has been hand-delivering a flyer promoting the plan, copying word-for-word sections a government news release. The flyer also encourages constituents to vote for Dr. MacDiarmid if they want a "strong economy." The following is a complete copy of the relevant portion of that document.
THE GOVERNMENT'S TEN-POINT PLAN FOR THE BC ECONOMY
On Wednesday, October 22, the Provincial Government released a ten-point plan to improve the province's economic competitiveness and reduce costs for families and business in the wake of the global economic slowdown.
For a Strong Economy, Vote for Dr. Margaret MacDiarmid, BC Liberal, this Wednesday October 29
1. Unlimited deposit insurance for deposits to credit unions: The Province intends to provide unlimited deposit insurance protection on deposits to British Columbia's credit unions effective immediately.
2. A new pension opportunity: The Province will create a new private sector pension opportunity for British Columbians who currently have no access to a pension plan. About 75 per cent of private sector workers in B.C. currently have no access to a group pension plan.
3. An accelerated, retroactive personal income tax cut: There will be a five per cent personal income tax reduction retroactive to January 1, 2008. Taxpayers will see the retroactive benefit on their 2008 tax return. It will put an additional $144 million in the pockets of British Columbians.
4. School property tax rebate for industry: 50 per cent of all school property taxes will be rebated to light and heavy industry to help some of B.C.'s oldest and largest employers, particularly in rural British Columbia. It will save industry about $115 million over the next three years.
5. Accelerated tax relief for small business: Effective December 1, 2008 the small business income tax rate will be reduced to 2.5 per cent from the current 3.5 per cent. The savings to small business will be $146 million over three years.
6. Double commission paid to business for PST and HRT collection: The Province will double the commission it pays business for collecting the provincial sales tax and hotel room tax. That will provide more than 100,000 businesses with approximately $60 million over three years and add up to $1,200 to a business's bottom line.
7. Accelerated public infrastructure: The Province will accelerate public investments in capital infrastructure projects. Funding will focus on projects without a long lead time that will keep people employed in our construction sector.
8. 33 per cent reduction in ferry fares for December and January: The Province will fund a 33 per cent reduction of ferry fares on all routes for December and January.
9. Rein in avoidable government spending: The Province will re-evaluate spending priorities and focus on scaling back unbudgeted increases.
10. Recall the Legislature: As a number of these measures require legislative approval, the Legislature will be recalled on November 20.