NDP’s oil surtax raising eyebrows nationally

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

Our goal is to raise $15,000 before the end of the year to solidify our plans for 2023. We need your support to keep producing this progressive, explanatory, and unique local journalism.

 

Want more of The Independent?

You can make it happen.

More in-depth explainers. More community news.

Will you help us raise $15,000 for our investigative journalism, witty commentary, and cutting analysis of Newfoundland and Labrador issues?

This site uses cookies to provide you with a great user experience. By continuing to use this website, you consent to the use of cookies in accordance with our privacy policy.

Scroll to Top