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A paper on "TAXCAP" (if you are having trouble sleeping)

WHAT'S NEW with CANADIAN TAX LIMIT Legislation?
PUBLICATIONS re: TAX LIMITS  
B. C. CONSERVATIVE PARTY POLICY ON "TAXCAP" 

784 years ago THE MAGNA CARTA(1215)
310 years ago THE DECLARATION OF RIGHTS (1689)

 

"TAXCAP" is being moved....

More:  Issues:  Macdonald, Peter:  TaxCap;
Issues:  BC Conservatives:  NO HST IN BC!;


"TAXCAP" A CONSTITUTIONAL LIMIT TO TAXES, SPENDING AND BORROWING

BY PETER B. MACDONALD
FORMER LEADER OF THE B. C. CONSERVATIVE PARTY
FROM JULY 30, 1991 TO APRIL 19, 1997
Copyright Peter B. Macdonald (c) 1993
August 17, 1993

TAXCAP is a politically neutral, voter approved method to limit the taxing and borrowing powers of our Provincial Government to a fixed percentage of the Provincial Gross Domestic Product.

THE HISTORY OF THE PROVINCE OF BRITISH COLUMBIA
SPENDING AS A PER CENT OF THE GROSS PROVINCIAL PRODUCT (GPP)

BUDGET
YEAR
SPENDING
$
GPP
$
"TAXCAP"
RATIO
PROV
GROSS
DEBT
1998/9
1997/8
1996/7
1995/6
1994/5
1993/4
18,995,000,000
90,000,000,000
21.11%
1992/3
17,980,000,000
88,797,000,000
20.25%
1991/2
16,545,000,000
83,383,000,000
19.84%
1990/1
15,260,000,000
80,706,000,000
18.91%
1989/0
13,487,000,000
76,921,000,000
17.53%
1988/9
11,835,000,000
69,514,000,000
17.03%
1987/8
10,220,000,000
62,876,000,000
16.25%
1986/7
9,643,000,000
57,342,000,000
16.82%
1985/6
9,056,000,000
54,499,000,000
16.62%
1984/5
8,390,000,000
51,119,000,000
16.41%
1983/4
8,445,000,000
48,151,000,000
17.54%
1982/3
7,689,000,000
46,115,000,000
16.67%
1981/2
6,636,000,000
44,691,000,000
14.85%
1980/1
6,153,000,000
38,239,000,000
16.09%
1979/0
4,567,000,000
33,360,000,000
13.69%
1978/9
4,280,000,000
28,732,000,000
14.90%
1977/8
3,830,000,000
25,647,000,000
14.93%
1976/7
3,615,000,000
22,990,000,000
15.72%
1975/6
3,378,000,000
19,486,000,000
17.34%
1974/5
2,639,000,000
17,437,000,000
15.13%
1973/4
2,096,000,000
14,709,000,000
14.25%
1972/3
1,452,000,000
11,880,000,000
12.22%
1971/2
1,301,000,000
10,349,000,000
12.57%
1970/1
1,165,000,000
9,317,000,000
12.50%
1969/0
1,024,000,000
8,871,000,000
11.54%
1968/9
866,000,000
7,789,000,000
11.12%
1967/8
739,000,000
7,113,000,000
10.39%
1966/7
657,000,000
6,538,000,000
10.05%
1965/6
446,000,000
5,843,000,000
7.63%
1960/1
331,000,000
3,933,000,000
8.42%


DATE OF PREMIER INSTALLATION TO OFFICE

M. Harcourt - 17/Oct./1991
R. Johnson - 2/Apr./1991
W. VanderZalm - 8/Aug./1986
W. Bennett - 22/Dec./1975
D. Barrett - 15/Sep./1972
W.A.C. Bennett - 1/Aug./1952

More:  Issues:  Macdonald, Peter:  TaxCap;
Issues:  BC Conservatives:  NO HST IN BC!;

Peter Macdonald, Taxcap

 

 

"Taxcap" will Cap government spending to an agreed maximum fraction of Gross Provincial Product, GPP

TAXCAP is a proposed law which would set government maximum taxation levels from all sources, to a percentage of the total wealth of the country.

This percentage would be set by a promise made by the winning party during the election period as PART OF THE PARTY ELECTION PLATFORMS and would countinue until the next election.

If the governing party EXCEEDS IT PROMISED PERCENTAGE DURING ITS TERM IN OFFICE, it would be required to RESIGN and call an election.

Peter Macdonald, Taxcap - Google Search;
Peter Macdonald, Taxcap - Google Video

Gross Provincial Product, GPP - Google Search 

More:  Issues:  Macdonald, Peter:  TaxCap;
Issues:  BC Conservatives:  NO HST IN BC!;


     
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