April 20, 2015

Alberta election: NDP platform hikes spending, taxes

Marc PatroneRebel Commentator
 

Alberta's NDP rolled out its election platform Sunday in Edmonton promising more social program spending and asking the top 10% of wage earners and corporations to pick up the tab.


    
Notley says a proposed hike in the corporate tax rate plus a move to "progressive" taxation in which the rate increases as income rises won't hurt jobs or business investment despite economists who say otherwise.

"I don't think that's very likely, I've talked to people in the business sector. They say there's a lot of things that contribute to a healthy economic investment environment. Corporate tax rates are one of them but the overall picture is how competitive are we. How competitive are we in relation to the fact we don't have a tax rate which is a good thing and the Alberta advantage remains in place," says Notley.

In an all candidates debate on the weekend, PC leader Jim Prentice warned now is not the time to raise corporate tax rate; saying an increase would lead to more layoffs at a time when the province is already losing jobs at a significant rate.

Alberta lost 50,000 jobs in the first three months of the year due to the plunge in oil prices.  

 

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Comments
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commented 2015-04-20 14:37:58 -0400
Corporate tax hikes for all Foreign Corps! but not Canadian owned!
Just calculate the obscene profits which were generated by all the foreign oil companies – WHERE have they gone?? Sure aren’t being reinvested much in local economies. And where have all the “bloated” royalties gone which were collected by governments, over the past 6 years or so of high oil prices? Nothing is being stated by the media of the sudden withdrawal of projects by Shell, Syncrude, Suncour, Huskey which many tax paying citizens have invested heavily in; equipment, real-estate, etc.: Simply because these corporations’ profit margin dropped by fractions of %.
But definetly we can not allow NDP to gain hold in Alberta! Their followers are the “free-loading” voters who have no investment in this province. Most all come from provinces which already have been decimated by the NDP. Go home freeloaders and deal with your own engineering!
commented 2015-04-20 12:18:20 -0400
Unions and students will support the NDP. The students are too young to know any better and the Unions know they can control an NDP government even though they’ve destroyed every province over which they’re ruled. The NDP would be a complete disaster for Alberta.
Wildrose is the only conservative party running in Alberta and the only party deserving of the job.
commented 2015-04-20 12:13:50 -0400
To the the tune of the Robin Hood here is the NDP’s theme song.
Tax and spend tax and spend riding through the land NDP NDP and their merry men loved by the poor steel from the rich tax and spend tax and spend taxed to the end NDP
The socailist NDP will never get tired of spending other people’s money. With our eyes wide open with the government spending we’ll be marched into a depression
commented 2015-04-20 10:51:08 -0400
It should be compulsory that when the politicians say things like "ive talked to a lot of people…business "etc that they have to provide numbers of how many and whom….so we know if they are telling the truth and or if they just asked a spouse of their campaign staff.
remember when princess Redford and Prentis said they spoke to Albertans and they all said they wanted them to raise taxes…show us who said that and how many cause I call BS…show me the beef!
commented 2015-04-20 10:41:44 -0400
Notice that she did not offer lower taxes for anyone, just higher Corporate Taxes and a mention that we have no provincial sales tax.
commented 2015-04-20 10:37:56 -0400
Amazing how people in Alberta and everywhere else are angry at Pc’s/Liberal parties for raising taxes and having government intrude further into our lives so they think voting NDP will , what, reverse it?

Ignorance and stupidity is a dangerous combination.

And Vlad, America may not have an official active member of “International Socialist” but it was ONLY members of the NDP which were invited by President Fraud Obola to attend both of his inaugurations, excluding the Liberals. The U.S. is being run into the ground by their own NDP socialists called the Democratic Party.
commented 2015-04-20 10:37:00 -0400
at they are not hiding what they would do, same old same old, tax and spend, just what everyone wants to hear…
commented 2015-04-20 09:48:11 -0400
“Alberta election: NDP platform hikes spending, taxes” …no, really? Has there ever been ANY NDP government that was NOT “tax and spend”? People, look at what they did to Nova Scotia, to Manitoba, to Saskatchewan, even to BC. (The first two years I lived in Alberta I was called a “political refugee from the People’s Republic of BC”… and it wasn’t far wrong!) Even Brad Wall of Saskatchewan has had to overcome their spendthrift, anti-business ways. Alberta is in a financial mess as it is — do you REALLY want it worse? Because the NDP would make it worse!
commented 2015-04-20 09:09:51 -0400
That last statement I made in my last post should read,

“Reducing the expenditure in the government is THE best method to get Alberta back and the Wildrose is the ONLY party say they will do that. Wouldn’t giving them the chance for a term be the wise course of action?”
commented 2015-04-20 09:04:39 -0400
What? NDP want more social programs and taxes? No, don’t say it is so!

Let me step this through for those of you who think increasing the corporate tax rates is a good thing.

Have you even know any company, whether it be those big bad evil corporations or even just a small single proprietor business to NOT protect its profit? Do businesses LIKE taking a hit to their profits?

It is only obvious that the corporations will do anything they can to keep making the same profit margin. That is what a business is all about, making profit.

The corporations will do any one or more of the following to protect that profit margin:

1) transfer some or all of the cost of the taxes to their products/services. I.E. We, the consumer, will pay the tax.

2) free up costs by primarily reducing staff, but also by NOT doing the expansion that once would have done. Expansion helps the economy and helps to employ more people. I.E. The employees pay the price in lost jobs.

3) move their business to another lower tax jurisdiction (probably Sask) or the states. I.E. The province loses the income completely, the people lose their jobs.

The people will ALWAYS be the ones who suffer with a corporate tax increase because one thing is as absolute as the ground you are standing upon, the corporations will do everything in their power to protect that profit margin.

The NDP cannot seem to understand this and Prentice is even worse.

Reducing the expenditure in the government is not best method to get Alberta back into the black and the Wildrose is the ONLY party say they will do that. Wouldn’t giving them the chance for a term be the wise course of action?
commented 2015-04-20 08:18:44 -0400
“I have lots of friends in business…” I doubt that. A spouse who is a consultant to the government or a union member/boss isn’t what most of us consider “in business”. Most people involved in businesses know that when the costs go up you either cut supplies (including benefits), cut wages, cut jobs, or go out of business. Putting leg irons on the goose that lays the golden eggs won’t lead to more eggs. Nor will beating it.