Government to raise taxes on the upper 1%
Today the government released its fiscal update and the Government has some big planes, first there is 21,000,000.00 dollars for the Farm aid act, the there is 65,000,000.00 dollars for the Healthcare act. as while as 41,000,000.00 for Provincial Healthcare and Childcare.
There is also a plan in increase the Income tax for the Upper 1% from 21% to 25% which may cause some problems for those people.
Also it was learned that the Government income so far is 200,000,000,000.00
and the government spends 158,545,542,120.00. So there is 138,545,542.00 lift for the year. The government hopes that the tax increases will help pay for the improvements of the nations infrasture.