Jason Kenney’s Tax Cut Logic Failed Next Door. Here Are the Numbers | The Tyee
Jason Kenney, leader of Alberta’s United Conservative Party, has vowed to dramatically cut his province’s corporate-income tax rates should he win election as premier later this spring.
Alberta’s business tax rate stands at 12 per cent of corporate income. Kenney would slash it by a third, to just eight per cent, over a four-year period.
The revenues lost soon would be made up, the UCP leader declared, through increased economic activity. In effect, Kenney’s corporate tax cuts would ‘pay for themselves.’
That optimistic messaging echoes the failed fiscal policies introduced by former British Columbia premier Gordon Campbell and his BC Liberal government at the beginning of the new millennium. #abpoli #ableg #abvote #UCP