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Tuesday, February 21, 2012

Finance Minister Told To Increase Taxes On Rich In The Province

Now that Finance Minister Blaine Higgs has finished up his pre-budget consultations, the time has come for number crunching.

Jason Edwards of the Canadian Centre for Policy Alternatives tells CHSJ News the tax cuts implemented in 2008 by the previous Liberal Government should be done away with because they didn't do anything for the provincial economy.

Edwards has co-authored a report calling for changes that include the tax rate on those people earning more than 150 thousand dollars a year in the province rising to 21 per cent and more than 17 per cent for those New Brunswickers earning over 116 thousand dollars annually.
 
He estimates government revenues could increase by more than 260 million dollars a year and that extra money could be used where it's really need in public services such as health and education.