Return surplus to New Brunswickers
- Over-taxation results in $237-million surplus in 2006/07.
- $136- million goes toward debt reduction payments, but broad-based income tax reductions and small business corporate tax relief not on Boudreau's radar screen.
Of course, he wouldn't want to be truthful to NBers and admit that what this surplus really means is that government is taking in far too much of our money, through over-taxation; so much so that even our bureaucrats and tax-and-spend politicians, despite their corporate welfare efforts and funding of the fledgling Caisses, couldn't even spend it all.
Don't get me wrong here, NBers prefer a surplus to a budget deficit any day of the week, however, when [it] exceeds the projections by ten times the amount, something is drastically wrong. It's high time the finance minister and the premier considered giving back this huge surplus via broad-based tax relief. Tax relief they said couldn't be sustained without placing the economy in jeoparty. Obviously, they were wrong.
Anyway, I won't hold my breath. (Hat tip Spink About It)
3 Comments:
Heck, just go back to the tax structure that was there for at least the next year before they hiked income tax retroactively to the beginning of January 2007. Things change, I appreciate that but they need to change BOTH ways. We can't be told to suck it up when things are supposedly tough and then get told "tough" when the money flows. There is no compelling reason not to roll back the tax hike...NONE!
This surplus (tax profit) will allow Kelly Lamrock to fund his Education for Kids ideas without having to raise taxes again... so you see it was all part of the plan anyway, and besides as has been pointed out on other comments on other blogs, I wouldn't know how to properly spend the piddly little tax refund anyway. I would just blow it on beer and chips or a cable subscription to the NASCAR channel and stuff...
spinks: I completely agree. While they're at it, how about a reform to the residential and non-residential assessment on property? People are getting gouged.
kit: I was thinking the same thing. Problem is, as you know, money isn't the problem in that particular case. Although Lamrock has led us to believe it is.
How about a rum and coke and nachos? lol
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