Jason Kenney's Corporate Tax Giveaways Will Hurt Workers and Help Alberta's Super-Rich Elites - 2019-03-28

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F0.png Jason Kenney's Corporate Tax Giveaways Will Hurt Workers and Help Alberta's Super-Rich Elites March 28, 2019, PressProgress

Jason Kenney has a "bold" plan to slash taxes on corporate profits by 4 percent, and the results could be disastrous for ordinary Albertans.

Even though Alberta already has the lowest tax rates in Canada, the UCP leader falsely claimed slashing the province's corporate tax rates will create "at least 55,000 jobs" and "grow the economy by $13 billion."

But Kenney's big corporate giveaway plan has been already been tried and tested in Canada and the US.

Under Liberal and Conservative governments, Canada's combined federal-provincial corporate tax rates were slashed 16.6% by the end of Stephen Harper's time in office, but economists note the data shows that didn't result in new investments, it led to over half a trillion dollars in "corporate cash hoarding."

Wikipedia cite:
{{cite news | title = Jason Kenney's Corporate Tax Giveaways Will Hurt Workers and Help Alberta's Super-Rich Elites | url = https://pressprogress.ca/jason-kenneys-corporate-tax-giveaways-will-hurt-workers-and-help-albertas-super-rich-elites/ | work = PressProgress | date = March 28, 2019 | accessdate = September 25, 2019 }}