Who would benefit from the UCP personal income tax proposal in Alberta?
TLDR: It wouldn’t be taxpayers earning less than $22k. Taxes would drop for those earning more, but most of the savings would go to high-income men. policyoptions.irpp.org/magazines/may-…
The UCP are using this simplistic calculation to say everyone with income over $60k will save $760, but taxes are anything but simplistic
May 16, 2023 • 5 tweets • 2 min read
While tax economists often lead you to believe that the only path to prosperity is low taxes, similar if not better outcomes can be achieved through publicly provided infrastructure, services, and supports. This is what drives the push for inclusive economic growth.
Further, the transmission mechanism for corporate taxes and economic growth has, recently, been called into question behavioural responses to tax cuts have changed. See for example sciencedirect.com/science/articl…
May 15, 2023 • 5 tweets • 1 min read
Policy Watchers Q. From a high level it seems that while there is a LOT of daylight between the UCP and ABNDP on values and ideology, this does not appear to be translating into a lot of daylight between their so-far announced policies IMHO.
It is possible that this early opinion to change once the whole platforms are released. If you vote on policy, which I normally do, this one is a weird one, with quite a bit of a headscratcher as it comes to the UCP.
