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Business leaders 'disappointed' and 'worried' about B.C. budget

Last Updated Feb 18, 2020 at 7:01 pm PDT

FILE - B.C. Legislature in Victoria. (Martin MacMahon, NEWS 1130 Photo)
Summary

Local business leaders are striking out at the budget, worried about the lack of investment

Issues like the carbon tax were also raised, as well as hike to streaming sites like Netflex

VICTORIA (NEWS 1130) – With the budget unveiled in Victoria on Tuesday, some business leaders are weighing in on promises made by the provincial government.

 

Business Council of BC President and CEO Greg D’Avignon is disappointed.

“This is a budget that continues to add taxes and costs to entrepreneurs and job creators fails to recognize we’re in a globally competitive world and a very uncertain world,” he says. “We don’t yet know what the impacts of the coronavirus are going to be.”

D’Avignon says taking more money from anyone earning more than 220-thousand dollars a year could scare off investors.

“Here’s one more reason why job generators, people that drive innovative economies and entrepreneurs that take risk won’t want to come to BC,” he says. “It sends a poor signal at a time when we’re trying to create an innovative digital economy.”

But he adds despite his concerns, he’s pleased the budget is balanced this year.