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Monday, April 29, 2019

 

News Release

Monday, April 29, 2019

 

Liberal Insurance Tax Still in Place, But Not for Long If I’m Elected: Crosbie

St. John’s, NL (April 29, 2019) – PC Opposition Leader Ches Crosbie said insurance brokers are sending letter to clients reminding them the sales tax on insurance is still in place, because the Ball Liberals shut down the House early rather than pass legislation to cut it.

It was the Ball Liberals who introduced the 15% sales tax on insurance in the first place in 2016, along with about 300 other taxes and fees, most of which are still in place.

Back in October 2018, Crosbie called for the sales tax to be eliminated on all forms of insurance.

The Liberals stole half of Crosbie’s plan by announcing in Budget 2019 that they would eliminate the sales tax on auto insurance (leaving the home insurance tax in place). This tax cut could have come in place on April 15. But it didn’t. The Liberals didn’t even get around to doing that much. Instead of passing the tax cut into law, they shut the House early. That means the tax is still in place – as ratepayers are now finding out.

“Liberal promises aren’t worth the paper they’re written on,” said Crosbie. “People should keep that in mind whenever vote-seeking Liberals knock on their doors promising money. That’s what the Liberals did four years ago, and we all know how that turned out.”

A Crosbie government will repeal the sales tax on insurance with the first PC budget in 2019 – and not just the sales tax on auto insurance like the Liberals promised, but the sales tax on homeowner insurance too.

“The Liberals have been vacuuming the pockets of taxpayers for four years, making life unaffordable for families. Insurance tax will be a thing of the past.”

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Media Contacts:

Bradley Russell: 709-746-1505

Denise Tubrett: 709-746-4070

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