News

NDP Proposes $1.1 Billion in Debt Reduction Initiative

Convert 49% of future NB Liquor earnings through income trust, Cardy proposes

Fredericton – The New Brunswick New Democratic Party is proposing to convert 49% of Alcool NB Liquor earnings to an income trust that could generate as much as $1.1 billion dollars for debt reduction while providing an excellent savings opportunity for New Brunswickers. Units in the income trust would be sold on the market, with ANBL employees and New Brunswick residents getting access to preferential shares.

“The income trust model is a chance for New Brunswickers to invest in New Brunswick,” NDP leader Dominic Cardy said. “Instead of selling off the NBLC to corporate interests on Bay Street or Hong Kong or to friends of the Government, the money will stay in New Brunswick for New Brunswickers.”

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Cardy says job numbers underscore need for change

Fredericton – New Brunswick New Democratic Party Leader Dominic Cardy is calling for a 0% small business tax and the implementation of a new job tax credit (NJTC) in wake of the latest Statistics Canada figures that show a net loss of 5,400 jobs in New Brunswick last month alone.

“The numbers prove something we’ve been saying all along – the status quo is not working and we need a bold new approach if we want to get New Brunswickers working again.” Cardy said. “We need a clear plan to move this province forward in terms of job creation.”

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Cardy applauds STU Social Work Students for Pro-Choice Petition

Fredericton – New Brunswick New Democratic Party Leader Dominic Cardy applauds the effort of Kathleen Martin and her fellow St. Thomas University social work students for their pro-choice petition introduced in the Legislature today by Minister Craig Leonard.

“Kathleen and her team put in a lot of hard work gathering the more than 13,000 names on that petition,” Cardy said. “I am impressed by their dedication and commitment to winning protection for a woman’s right to choose.”

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News article: Former Liberal MLA LeBlanc joins NDP ranks

SAINT JOHN — Former Liberal MLA Abel LeBlanc is the newest member of the provincial New Democratic Party.

LeBlanc said at press conference in Saint John on Monday his move comes from a desire to see things change for the better in New Brunswick.

“We’ve gone down the same worn out path with these two other parties and things aren’t going to get any better if we keep going back to them,” he said in a press release. “The NDP offers a real chance for change and that appeals to me.”

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Editorial: An NB Liquor income trust

The New Brunswick New Democratic Party is continuing its tack toward the political centre, unveiling more platform planks meant to give voters a legitimate third option in advance of the coming provincial election. The party’s latest proposal aims to take a bite out of the province’s enormous mountain of debt, by creating an NB Liquor income trust that would allow private investors from within New Brunswick to take a share in the regular profits from the liquor monopoly. In exchange, the money generated from income trust sales would be applied to the provincial debt – a measure the NDP estimates could save the province tens of millions in interest payments.

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