Results 1 to 4 of 4

Thread: PST and Tax Cuts - post 2019 Election

  1. #1

    Default PST and Tax Cuts - post 2019 Election

    ^Yup - take for example the corporate tax cut (which we can expect in the budget in the Fall). All the lefties on here hate it, but most Albertans realize the key to getting good jobs back, is to attract investment - this is the way to do it:

    It may seem eccentric to stake the farm on a massive corporate tax cut even as populist politicians around the globe are taking aim at big business, but Kenney believed he had an ace up his sleeve: The party’s internal polling on the issue was absolutely off the charts.
    “It was like, shocking,” Kenney said in an interview with the Post. “I was even shocked. It was like 70-30 in favour of this. There’s like 25 per cent of the population that wanted us to go deeper, wanted us to go to a 50-per-cent reduction in the business tax rate.”


    https://nationalpost.com/news/politi...nces-divisions
    Last edited by Admin; 04-05-2019 at 02:34 PM. Reason: MOVED FROM UCP CATCH ALL THREAD

  2. #2

    Default

    ... while all the righties here will get a boner from him talking about it
    I am in no way entitled to your opinion...

  3. #3
    C2E Continued Contributor
    Join Date
    Jun 2006
    Location
    Edmonton
    Posts
    1,778

    Default

    Only a guess, but perhaps 20% civil service reduction, say over a two year period. Combination of attrition and layoffs.
    Ones who are left working, maybe they take a 5% pay cut.
    It worked in the past.

    PST is likely the responsible thing, but I just don't see it coming. Too unpopular.
    The world is full of kings and queens, who blind your eyes then steal your dreams.
    It's heaven and hell!

  4. #4

    Default

    Quote Originally Posted by downtownone View Post
    ^Yup - take for example the corporate tax cut (which we can expect in the budget in the Fall). All the lefties on here hate it, but most Albertans realize the key to getting good jobs back, is to attract investment - this is the way to do it:

    It may seem eccentric to stake the farm on a massive corporate tax cut even as populist politicians around the globe are taking aim at big business, but Kenney believed he had an ace up his sleeve: The partyís internal polling on the issue was absolutely off the charts.
    ďIt was like, shocking,Ē Kenney said in an interview with the Post. ďI was even shocked. It was like 70-30 in favour of this. Thereís like 25 per cent of the population that wanted us to go deeper, wanted us to go to a 50-per-cent reduction in the business tax rate.Ē


    https://nationalpost.com/news/politi...nces-divisions
    Ok Corp tax cuts letís look at this... so first in order to pay tax you a have to be profitable. A tax cut does nothing to help those businesses on the brink. They will likely fail just like the Calgary based gas company that shuttered its doors today. Years and years of low gas prices will not be reversed by a Corp tax cut...

    But it will increase investment and growth!!! They say. Well yes it will, for a time..... non partisan economist routinely point out that trumps deep tax cuts will have a day of reckoning, and we should start to see it in another year or two.

    Lastly major corporations donít employ the vast majority of Albertans nor are they the main economic drivers. We laud our entrepreniral sprit because we are creators.... tax breaks to big business isnít helping most albertans.... look at what targeted and well thought out regulation has done for our craft beer industry.....

    We have a social safety net because we learned lessons some 120 years ago about too much wrath being centralized. To few companies having too much power and how inequality resulted in literal global wars fare. We are still the same humans then as now. The social safety net plays an important roll it needs to be funded correctly and in a fair manner.

    Older people decry saddling the younger generation with debt while enacting policy that protects their wealth and the younger generations expense. Itís hypocritical.

    We as a province have to get serious and look at our revenu issues. I read a very interesting article regarding this recently. It basically said if we didnít want to do this and we wanted to fix the structural problems in our govt we basically have to freeze spending increases until 2040.... no what fixed meant to that professor isnít exactly clear but the context of the article lead you to believe that this 2040 future Alberta meant we removed our reliance on oil and gas royalties.

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •