The increase in personal and corporate income taxes come July is going to hurt the provincial economy. So claims Richard Dunn, a senior policy analyst with the Canadian Federation of Independent Business in New Brunswick. He tells CHSJ News it's galling to discover provincial government spending is still rising.
Dunn does say there is one silver lining and that is if you take out the one time pension payment, the increase in spending is below the rate of inflation.
But he argues his comparison of New Brunswick's financial situation to that of Detroit, where a financial state of emergency was declared, remains valid.
