If the
tax cap was in fact 2 %, Erie County would be able to
realize another $ 513,000 in property
tax revenue, which could have been employed to combat poverty, repair additional roads, or provide
more library assistance.
He said during the NPP era, where the country was under HIPC, corporate
tax was 32 percent which was very high, but the NPP took a pragmatic step to rather reduce the
taxes to 25 percent, to save the situation, thereby
realizing more revenue for the country.