NB Premier Ponders Scrapping “1%” Tax Hike

But… but… fair share!

New Brunswick is considering scaling back its new tax on the top 1 per cent in light of federal Liberal plans to adopt a similar tax hike nationwide, a pledge that is raising concern it could hurt Canada’s cash-strapped provinces.

New Brunswick’s Liberal government raised its top tax rate earlier this year after the party successfully campaigned on the issue in the fall of 2014. But federal Liberal plans to also hike taxes on the top 1 per cent have the province rethinking its approach, given that its top earners would end up paying a total of 58.75 per cent, the highest in the country.

In an interview with The Globe and Mail, New Brunswick Finance Minister Roger Melanson said prime-minister-designate Justin Trudeau’s victory means his government may have to reconsider the tax hike he announced in the province’s March budget.

“Before any final decision is made, we want to sit down with the new finance minister, federally, when we know who that is … to clearly understand what it is exactly that would be brought forward,” he said. “Based on that, we are open to do some adjustments.

“As much as we need incremental revenues, we also want to be competitive.”

  • HalcyonDaze

    They’re about to find out what the socialist in France did. When you over tax the rich to pay for your socialist workers paradise the money disappears and you end up either broke or with egg on your face when you have to rescind your idiocy.

  • David Murrell

    Economist Murrell here, who lives in New Brunswick. I have suffered through the Liberal Brian Gallant government for about six months now, and must say that Mr. Gllant is one Liberal clone to Justin. He is all youthful good looks and little else. He knows little economics, like Justin, and after getting into government ruthlessly fired many Progressive Conservative deputy ministers, and handed the jobs to Liberal pals.

    Early in the federal election Justin came down here to visit. The pro-Liberal Globe and Mail sent Liberal shoelace-licker Jane Taber to write a fawning article showcasing the two pretty-boys. The Globe printed a nice colour picture of the two, to make both look good.

    All we’ll get from the two will be more deficits and useless infrastructure spending, and no new job creating growth. And we’ll get more fawning news coverage.

  • Clausewitz

    This would be the same idiot who banned fracking in his province, thus throwing away much needed revenue and jobs for his province? Life’s tough when you want to run a continual welfare state sucking off of the teat of the rest of Canada. I’m sure Justin will reward him for helping to maintain the welfare status quo in the Maritimes.