Jason Clemens and I have an oped in today’s Globe and Mail about business taxes in relation to the federal election and the country’s future economic prospects.
Reducing corporate income tax to make Canada more internationally competitive and improve the internal incentives for investment, a policy introduced during the Chrétien-Martin era and extended by the Conservatives, is becoming a key issue in the election. The late U.S. senator Daniel Patrick Moynihan famously said that everyone is entitled to their own opinions but not their own facts. Given the importance of business taxes to the election and the country’s future economic prospects, it’s worth considering some facts.
