Thoughts on BC Politics and More

IMAGE CREDIT:  Govt of Canada   A taxpayer-funded think tank is calling on cabinet to trim nearly $14 billion a year from benefits paid to retirees, arguing programs like Old Age Security are too generous for households with six-figure incomes. Generation Squeeze, a University of British Columbia group that once pushed for a national home equity tax, said pension programs should be scaled back to reflect “today’s needs.” According to Blacklock's Reporter, its budget submission to the Commons finance committee recommended a $6.9 billion reduction in age and pension tax credits and $7 billion in changes to Old Age Security ... CLICK HERE for the full story