Big Promises, Small Government

Download or read book Big Promises, Small Government written by George M. Abbott and published by UBC Press. This book was released on 2020-09-01 with total page 278 pages. Available in PDF, EPUB and Kindle. Book excerpt: When Gordon Campbell’s Liberal government won a massive majority in British Columbia in 2001, the premier immediately fulfilled his pledge to cut personal income taxes. Big Promises, Small Government reveals the consequences of dramatic tax policy changes on social programs. Campbell expected lower taxes to spur investment and growth. Instead, cutting taxes, while exempting health and education, left smaller ministries scrambling to absorb the cuts to maintain a balanced budget, with disastrous effects. This insider recounting of the real-world genesis, implementation, and consequences of a tax policy offers vital lessons to future governments and insight into the role of taxes in society.