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Average workers will ultimately pay for Horgan government’s new payroll tax

Increasing the employer payroll tax rate reduces the average hourly wage of workers.

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Last week, the BC government announced it was increasing Medical Service Plan (MSP) premiums by approximately six per cent in 2010 to help fund rapidly growing health care costs. The government also pledged to keep increasing taxes for British Columbians through annual increases in MSP premiums to match continuously increased health care spending.

While the government may claim it needs the extra revenue for health care, the reality is this tax increase will do nothing to improve health care for British Columbians, and in fact, it’s the wrong approach altogether.