"It's going to have a profound impact on the economy in general; certainly on the business sector," John Winter president of the B.C. Chamber of Commerce, said . "It's probably catastrophic, if you think about it. We are on the precipice of a possible global recession and this is the last thing we need at this stage. It's reverting back to a tax policy created in 1946, and it's not something that's particularly appropriate to today's economy."
"This is a very, very, big setback for the business community and for building a competitive and productive B.C. economy," Jock Finlayson, vicepresident of the Business Council of B.C. said. "It's not just business that will be affected. It's the provincial economy as a whole."