Kenney demands $1.7 billion from Ottawa, after giving away $4.5 billion to corporations - 2019-11-15
After weeks of antagonizing the federal government, Premier Jason Kenney now wants $1.7 billion in funding from Ottawa. For a long time, Kenney has been making the case that Alberta is getting the short end of the stick when it comes to its dealings with the rest of the federation. This move is but one part of his larger plan to change this relationship.
Kenney's case rests on the notion that Alberta's public coffers are facing a significant shortfall. Indeed, the Premier has used this idea to justify $1.3 billion in cuts, increases to income taxes, and massive public service layoffs.
At the same time, the cornerstone of Kenney's economic policy has been an unprecedented cut to the corporate tax rate. His plan essentially amounts to a $4.5 billion tax handout to large corporations. So far, the move has generated considerable profits for oil and gas companies. The jobs that were supposed to accompany this tax cut have yet to be seen.