For anyone not keeping up, BC is about to have a election in 2 months. The current opposition party/previous incumbent party is currently polled to be almost completely wiped out in the election by the BC Cons. so this seems like a go for broke maneuver.
A B.C. United government would eliminate the provincial income tax on the first $50,000 earned by every British Columbian, Leader Kevin Falcon announced Tuesday.
The move would save British Columbians an average of $2,050 a year each at a time when people are struggling to afford the rising cost of living, Falcon said.
The tax cut would cost the province $5.4 billion in tax revenue, B.C. United says.
Since the article didn’t include on relative terms what it means:
From the BC Budget and Fiscal Plan 2024/25 - https://www.bcbudget.gov.bc.ca/2024/pdf/2024_Budget_and_Fiscal_Plan.pdf
Revenue by Source pg.148
In comparison to budgeted expenses 2024/25
Expense by Function pg.150