Job Creation Tax Cut praised by experts

March 4, 2019

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Calgary, AB (March 4, 2019) – Earlier today, United Conservative leader Jason Kenney announced that a United Conservative government would get Albertans back to work by delivering a Job Creation Tax Cut which economists estimate would create at least 55,000 jobs, and grow Alberta’s economy by $13 billion.

Here’s what the experts are saying about this morning’s announcement:

Trevor Tombe, University of Calgary economist: “I think there’s a great deal of evidence and analysis suggesting that this can in fact increase investment, employment and overall economic activity. A move to lower the corporate rate may indeed increase employment in Alberta.” (AM770, March 4, 2019)

“Is 50,000 [jobs created] a credible number? I think so.” (Twitter, March 4, 2019)

Andrew Leach, Associate Professor, University of Alberta: “Today’s announcement from Jason Kenney is good economic policy.” (Twitter, March 4, 2019)

Calgary Chamber of Commerce President and CEO Sandip Lalli: “We’re encouraged some parties are beginning to listen.” (Twitter, March 4, 2019)

Fraser Institute Senior Fellow Ben Eisen: “A 4 point [tax] reduction would move Alberta way back up to the top of the pack.” (Twitter, March 4, 2019)

Montreal Economic Institute: “Lowering the tax burden for businesses means more jobs, more investment, productivity gains, and higher wages for workers.” (Twitter, March 4, 2019)

Canadian Taxpayers Federation, Alberta Director Franco Terrazzano: “When entrepreneurs have more money, they reinvest and hire more people and that’s why cutting the business tax is a great way to get Albertans back to work. The UCP’s commitment to reducing business taxes is an important step to putting Alberta’s economy back on the right track and every party needs to include this commitment in their election platforms. The current government hammered businesses with more taxes at a time when Albertans needed relief the most and as other jurisdictions have been making their business environments more competitive. Not only did the Alberta government reduce competitiveness, it also failed to increase business tax revenues. Making Alberta businesses more competitive by lowering taxes makes everyone a winner.(Release, March 4, 2019)

John Carpenter, Former CEO of CGA Alberta, and president of Carpenter Financial Ltd. “Reducing business taxes and developing more common-sense regulation will attract investment, job creators—and jobs—back to Alberta.” (Release, March 4, 2019)

Rob Breakenridge: “What did [the NDP’s business tax] increase achieve? What was the objective of doing so? If all of a sudden you go from having the most competitive corporate tax rate in the country to basically middle of the pack, what have you done for your province? What is the end result of that? So I think at this point, you have to declare the policy to be a failure, because it hasn’t achieved anything. It has not generated more revenue. It has not in any way enhanced Alberta’s attractiveness as a jurisdiction. So we’ve got other provinces that are more competitive than us.” (AM770, March 4, 2019)

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For more information, contact:
media@unitedconservative.ca

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