NDP say they want to cut small business taxes

In a move not typical of the NDP movement, Newfoundland and Labrador’s New Democratic Party is promising to cut taxes for small business if it forms the province’s next government. “We are proposing that we will reduce small business taxes by 25 per cent in our first year of government, if we were to become government,” said provincial NDP leader Lorraine Michael Thursday. Under the plan, small business taxes would drop from four per cent to three per cent – a move which would cost the province $4 million annually.

Source: CBC

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