Lack of growth, not inequality, is Alberta’s biggest problem

In her year-end news conference, Alberta Premier Rachel Notley argued that eliminating Alberta’s single-rate personal income tax was essential to combat inequality. This statement belies curiously misplaced priorities. With the provincial unemployment rate at nine per cent, promoting economic growth and job-creation should be the key objective of tax policy. Unfortunately, the tax increases the premier is defending are detrimental to economic growth.Premier Notley’s opposition to the single-rate personal income tax is premised on the notion that it was “regressive.” In other words, she’s arguing that it led to a higher tax burden for lower income residents than higher income

Read More - The Fraser Institute