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NDP’s oil surtax raising eyebrows nationally

in Daily Indygestion/Email Indygestion/Journalism/NL Election 2011 by

Lorraine Michael and her NDP are making national headlines this week not just for their historical chance at coming in second place for the first time – but for their idea of charging a new tax on oil companies. The NDP Leader plans to pay for about half of the $142 million needed for the party’s health and social spending platform by charging oil companies a three-per-cent surtax on offshore royalties. CTV reports that “she concedes that such a move could require rewriting offshore deals that were months or years in the making”. Michael said the party will seek a legal opinion on the matter. Asked why she did not do that before releasing her platform, she said the surtax is only an issue if she becomes premier. So the leaders only have to rationalize their platforms if they actually had a shot at becoming Premier?

Source: CTV

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