January 19th, 2020

A different tax plan to stimulate the economy

By Letter to the Editor on September 11, 2019.

The United Conservative government should not lower the corporate tax rate, hoping to stimulate the economy that way. It should instead give corporate tax reductions to the rich.

Why not give a $1.50 tax break for each dollar invested in specific industries. This would encourage investment where we need it. Reducing the corporate tax simply downloads the tax to payroll where they are already paying more than their fair share.

Lowering the corporate rate will mean big bonuses for people who are already rich!

The system I am advocating worked years ago when we needed stimulus in our economy.

Bill Longbotham


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