Members of the Canadian Chamber of Commerce, meeting in Fredericton, were not reassured by Finance Minister Bill Morneau’s response to their concerns about the government’s proposed tax changes.
Aaron Wudrick of the Canadian Taxpayers Federation worries about a possible brain drain and hopes the federal government gets the message from opponents. He’s encouraged the federal government is listening and not just pressing ahead regardless.
Chamber President and C-E-O Perrin Beatty says there’s continuing concern over the potentially crippling effects the tax reforms could have on small and medium sized businesses. He adds it’s the farmers, mom and pop shops and entrepreneurs who invested everything into their businesses who are most scared of the government’s proposed tax changes. Beatty goes on to say the government has not answered their concerns but left them high and dry, wondering how they’ll survive if the economy takes a turn for the worse.
One member of the Chamber complained the federal government was trying to overturn 40 years of tax policy in 75 days.