New Brunswick is at a crossroads. Moving toward a more progressive income tax formula is a clear choice. By raising taxes in a progressive way, the government can maintain and expand spending beyond what it otherwise would be able to do, while also reducing the deficit. Compared with the alternative—cutting jobs and services to pay down the deficit —the result should be a net increase in spending and economic activity, as well as an improved quality of life.
This report is also available in French: Le Nouveau-Brunswick est à une croisée des chemins: L’impôt progressif, un choix clair.