Moncton, August 24, 2018 – Small business owners are calling for debt reduction and balanced budgets to be the next New Brunswick government’s top priorities after the September 24 election, based on the results of a pre-election survey by the Canadian Federation of Independent Business (CFIB).
Reducing the provincial debt is the number one priority of small business owners at 69 per cent, followed by balancing the budget (67 per cent), lowering small business taxes (61 per cent) and stabilizing workers’ compensation costs (55 per cent).
“Small business owners are acutely aware of the fiscal reality facing the province, they know that today’s deficits are tomorrow’s taxes.” said Louis-Philippe Gauthier, CFIB Director of Provincial Affairs, New Brunswick. “As they put forward their campaign commitments, political parties need to present credible plans for getting the province’s books in order and tackling the ever growing debt.”
Business owners also indicated they are very concerned (74 per cent) or somewhat concerned (24 per cent) about the current state of New Brunswick’s economy.
With a resounding 96 per cent of business owners who responded to the survey saying they will vote in the September 24 election, one-in-two (49 per cent) have yet to decide for which political party they will vote.
“Every political party talks about the importance of small businesses to the economy. With the election on our doorstep and 49 per cent of business owners undecided, we look forward to hearing the details of their plans.” said Gauthier.
CFIB has sent to the leaders of each major political party a list of ten questions relating to the priorities of small business owners. Only one-in-twenty business owners (5 per cent) are confident that small business concerns and priorities will receive attention during the election campaign.
The CFIB New Brunswick Pre-election Survey results are based on 315 responses received from New Brunswick business owners between August 7 and August 17, 2018. Results are statistically accurate within +/- 5.5 percentage points, 19 times out of 20.
CFIB is Canada’s largest association of small- and medium-sized businesses with 110,000 members across every sector and region, including 5,000 members in New Brunswick. Learn more at cfib.ca.
For media inquiries or interviews, please contact:
Louis-Philippe Gauthier, Director of Provincial Affairs, New Brunswick