GREEN FISCAL AND TAX POLICIES

1. Public Bank

Based on North Dakota’s public bank and other examples, a Green government would explore how a public banking system could work in New Brunswick and, if appropriate, bring forward legislation to make public banking a reality in New Brunswick.

2. NB Saving Bonds

A Green government would establish a New Brunswick savings bond instrument. Any institution that now sells Canada Savings Bonds would be permitted to sell the provincial bonds, but charitable organizations would also have this ability.

3. Public Accounts

A Green government would change public accounts so that spending on early childhood development, education, illness prevention, culture and protection of agricultural lands and natural areas are treated as capital investments rather than expenses.

4. Sovereign Wealth

A Green government would introduce a Sovereign Wealth Fund where all non-renewable royalties would be deposited, with the NB government transferring only 5% in any one year to general revenues.

5. Royalty Rates

A Green government would increase the royalty rates for all non-renewable resources in the province to capture their full economic value and reject the reduction of royalties to accelerate the exploitation of the resource.

6. Natural Resource Management

The provincial use of natural resources must take into account the planet’s ability to renew them or, if non-renewable, to compensate for their depletion. A Green government would

  • eliminate subsidies for economic activities that are energy- and raw materials-intensive;

  • replace or supplement gross domestic product (GDP) as the sole measure of progress with an alternative such as the Genuine Progress Index (GPI) which accounts for the depletion of natural capital; and

  • adjust natural resource royalties or establish a resource depletion tax, to compensate for rates of resource depletion and which distinguishes between renewable and non- renewable resources.

7. Fiscal Sustainability and HST Reform

 A Green government would reform the HST to remove or reduce taxes on necessities and increase taxes on luxury items.

8. Corporate Income Tax

A Green government would raise corporate income tax to Nova Scotia levels.

9.Higher Income Tax

A Green government would add a new higher tax rate for incomes over $120,000 per annum. This would shift resources from savings leaving the province to jobs for public provision.

10. Moderate Consumption Sales Tax

A Green government would establish sales tax differentials for durable goods and essentials versus non-essential and disposable goods; adjust tax policy to capture profits made by big box retailers operating within the province;  and establish product stewardship programs for certain consumer goods, beginning with electronics, which a) establish a product disposal or recycling fee paid by the consumer; and b) require manufacturers and/or retailers to use that fee to ensure that the products are returned for recycling or safe disposal.

 11. Public Infrastructure

A Green government would ensure direct public ownership, both at the provincial and municipal levels, of critical public infrastructure; and end private-public partnership agreements for existing infrastructure.

12. Auto Insurance

A Green government would create a public automobile insurance Crown corporation to replace the present system of private automobile insurance in New Brunswick.

 

Leader's Video Blog

Our Principles

> Non-Violence

A culture of cooperation, caring and understanding is essential to ending violence in our society. Rehabilitation rather than vengeance must be the goal of our justice system.

> Self-Determination and Citizenship

We must have the opportunity and the responsibility as citizens to contribute to the common good, which requires that all have the capacity to participate in community life.

> Social Justice and Equality

Everyone must have equal access to the necessities of life and be treated with dignity and respect. Treaties with First Nations must be honoured.

> Participatory Democracy

We must be able to participate in decisions that affect our lives and be guaranteed that our votes are reflected in the make-up of the Legislative Assembly.

> Local Self-Reliance

Our communities should be in control of their own destinies, supported by strong local economies, and sustained by local sources of food and renewable energy.

> Living within Our Ecological Means

We must live within the ecological limits of the Earth, while meeting our needs without threatening our children's future or the survival of other species.

Admin sign in