Jason Kenney is Giving Corporations a Massive Tax Giveaway That Will Cost Albertans $3.7 Billion
Alberta will lose 12% of the annual
revenues it depends on to pay for public services thanks to a Donald
Trump-inspired corporate tax giveaway announced this week by Alberta
Premier Jason Kenney.
revenues it depends on to pay for public services thanks to a Donald
Trump-inspired corporate tax giveaway announced this week by Alberta
Premier Jason Kenney.
Flanked by Finance Minister Travis Toews and Lafarge Canada CEO Brad Kohl, Kenney confirmed Monday Alberta will roll back taxes on corporate profits from 12% to 10% on January 1, 2020. It will be lowered further to 8% in 2022.
A recent report
commissioned by the Alberta Federation of Labour noted that Kenney’s
corporate tax giveaway will remove 12% of public revenues the province
currently invests in public services.