Private Member’s Motion: Reduce Small Business Tax

Private Member’s Motion

Member for St. John’s East to move:

WHEREAS small business are the backbone of this Province’s economy;

WHEREAS about 2,000 small businesses operate in the Province today, employing over 40 percent of all paid workers;

WHEREAS small business revenues and profits stay in the communities where they are generated.

WHEREAS the present level of taxation can be a barrier to anyone starting a small business today;

WHEREAS small businesses in the Province need as much support as possible;

THEREFORE BE IT RESOLVED that the House of Assembly urge government to immediately help stimulate the economy in a manner that helps every part of the Province by reducing the Province’s small business tax by 25 percent, dropping it from 4 percent to three percent.

Seconded by the member for The Straits ― White Bay North

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