Liberal leader Stephane Dion's "green shift" carbon tax plan could cut taxes by $15.5 billion, including $11 billion in personal income tax cuts. His proposal is being released today.The proposed green tax will hit electricity and home heating fuel but exempt gasoline, and would be phased in over four years. The Liberals have acknowledged that oil companies may pass the cost of the tax on to consumers.
A carbon tax plan is seen as risky by many analysts, as Dion is betting on the Canadian public's desire to reduce greenhouse gases to outweigh a potential rise in costs.
Source: CTV News
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