Thursday, July 31, 2008

Carbon Tax - Disliked By All

Looks like Dion & Co are going to have a tough time pitching carbon tax scheme to New Brunswickers:
The main objections raised were to the carbon tax, which got a lot of heat (pardon the pun) from both sides of the political spectrum. The left disliked the regressivity of the tax, as it would fall most heavily on the poor. The right disliked higher fuel and electricity costs on business costs, especially truckers.
Unlike their federal counterparts which only offer a symbolic income tax reduction to offset their carbon tax grab, New Brunswick Liberal government is offering much bigger cuts to personal and corporate income taxes, going as far as proposing a flat tax. Still there are plenty of objections. When it comes to measures designed to offset the income tax cuts, New Brunswickers are more receptive to higher HST than to carbon tax.

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