An exercise counter to the Greene “Big Reset” Report takes a much different approach to fix our fiscal situation, opting for a different taxation regime instead of slashing spending.
The People’s Recovery report recommends options for what they see as a more equitable economic recovery with a focus on people and community.
The People’s Recovery, which began its work early in the new year, has just completed its report.
The two exercises differ on many fronts including government spending.
Dame Moya Greene concludes that government spending has soared in the past 15 years or so but the People’s Recovery found that government spending on programs hasn’t changed much.
Jessica McCormack, co-facilitator of People’s Recovery, says cutting spending and eliminating jobs would the wrong approach. They recommend a series of tax increases and new taxes like a wealth tax, slightly higher corporate taxes, and a tax on luxury vehicles.
She says putting people out of work does nothing to bolster the economy.
Today we’re releasing a report outlining options for an equitable, people & community-centred economic recovery. The report was developed over 5 months with input from more than 60 academics, community organizers, activists & organizations #NLPoli https://t.co/yFxgaXfW0v pic.twitter.com/nHH7NIGUmt
— People’s Recovery NL (@PplsRecoveryNL) May 18, 2021
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