BC NDP leadership candidate pledges restoring minimum bank taxes to support PSE access

February 23, 2011

BC NDP leadership hopeful Adrian Dix is proposing to restore student grants and eliminate interest on student loans by reapplying a minimum tax on banks and financial institutions, a tax that was fully phased out by 2010. During the first phase of his plan, Dix would apply $18 million from the resuming minimum bank tax revenues toward restoring grants for students needing financial assistance. He would also allocate $30 million toward eliminating interest payments on student loans, modeled on a plan implemented by former Newfoundland and Labrador premier Danny Williams. Adrian Dix News Release