I don't follow what happens in Nova Scotia all that closely, but since the budget brought down by its new-ish NDP government reproduces the main features of the Quebec budget (of which I approved), it seems only fair to give credit where credit is due. To summarise:
- An increase in the HST by two percentage points
- Measures to compensate low-income households
- Business taxes not increased; scheduled decreases not canceled
There was also some fiddling with income taxes at the top end of the distribution, but the net effect is minor: a new tax bracket replaces a surtax on high incomes.
Once again, a budget straight out of the social democratic textbook. I hope that New Democrats outside Nova Scotia are paying attention.