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Position Statement - Carbon Tax
Albertans need an environmental plan tailored to the unique aspects of our province and the needs of everyday Albertans. We have some of the greatest parks and natural sites in the world. From Banff National Park, to the Edmonton River Valley, Drumheller’s Badlands, and Calgary’s Prince’s Island Park, we showcase and celebrate the best this province has to offer. It’s in the interest of most Albertans that we protect these areas for ourselves, our children, and generations of Albertans to come.
We can protect Alberta’s natural beauty without sacrificing the savings of Albertan homes, the competitive edge of Albertan businesses, or the charitable activities of Albertan non-profits.
The Alberta Party Caucus 2018-2019 Shadow Budget proposes to exempt homes, businesses, farms and non-profits from the carbon tax. Revenues would be offset by cuts to personal and corporate income taxes. The rebate system would be fixed so that the genuinely disadvantaged would get rebates, whereas currently almost 2/3 of Albertans receive them. Finally, any excess revenues would be applied directly to the provincial debt, instead of being directed to general revenues.
Getting this right means involving all Albertans in the conversation. We don’t have to choose between our province’s natural beauty and a strong economy. We can conserve the environment; while making sure that Alberta’s economic engines are firing on all cylinders. Albertan families can enjoy the parks that fill our cities and towns, without worrying about their food on the table or how to pay rent this month.
Eliminate Income Tax with an HST
We will reduce your income tax and continue to support public services with a sustainable, pro-growth HST.
Not all taxes are created equal. Some forms of taxation have a greater negative impact on the economy. A Harmonized Sales Tax (HST) is better for job creation, investment and growth yet Alberta continues to overuse harmful income taxes.
The Alberta Liberal plan will see a revenue neutral shift to an HST. We will reduce income taxes while introducing an HST. Albertans will not pay more taxes but the way we pay tax will change in a way that creates economic growth and reduces revenue volatility.
Highlights of the plan include:
Albertans deserve to know their money is being spent wisely. An Alberta Liberal Government will conduct extensive value-for-money audits of Government spending. We’ll find the efficiencies and redundancies in Government and restructure our spending to make sure Albertans are getting full value for their tax dollars.
Efficient Tax Collection
We support entering into a corporate tax collection agreement with the Canada Revenue Agency to improve tax collection rates and reduce unnecessary duplication. This will cut down on bureaucracy and save Albertans money.
Preserving the Heritage Fund
The Heritage Fund is our legacy for future Albertans but has been treated like a slush fund for politicians. Liberals support changing the rules so that the Heritage Fund’s investment income must be retained in the fund and not simply diverted to general revenues after inflation-proofing.
Not all taxes are created equal. Economists have shown that by shifting how we tax from income taxes to a sales tax we can grow Alberta’s economy without losing the revenue vitally needed for our public services OR increasing taxes Albertans pay. The Alberta Liberal fiscal plan will achieve this goal. It has been hailed by top economists as “the most pro-growth idea of the campaign.”