Wednesday, March 27, 2013

Gallant Says Corporations Will Fare Better Than Individuals

Corporations will fare better than people when it comes to provincial tax hikes.

That's according to Liberal leader Brian Gallant, who tells Tide News that out of the $373 million expected in two years, corporations will only pay $39 million. Gallant calls that number alarming, since they received $34-47 million dollar property tax cut a few months ago. He tells us now, corporations are now in a position where they'll be paying less taxes.

Gallant says he was very disappointed with the provincial budget presentation and that the Tories broke their two election promises: that they had a plan to balance the budget and that they wouldn't raise taxes.