Alberta Loses 14,300 Jobs in July Despite Corporate Tax Cut, Profitable Fossils – The Energy Mix
On the campaign trail last spring, Kenney’s United Conservative Party
promised to cut the tax rate by one-third, to 8%, claiming the move
would create at least 55,000 jobs and expand the provincial economy by
C$12.7 billion, the Calgary Herald reports. The 1% cut that took effect
July 1 has delivered what Savage freely describes as a “windfall” for
the companies, but not so much for Albertans hoping for a break in a
tough, fossil-dependent economy.