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In response to the rapidly declining business conditions, a new coalition of 15 business groups, including the CFIB, has reached out to Premier Rachel Notley, urgently calling on her to sit down with business leaders to discuss collaborative solutions. Job creators need to be considered as the government develops policy; after all, they are the lifeblood of the economy.

Offering to cut small business taxes is a start. Entrepreneurs are firmly behind the idea — 87 per cent support a one-point cut in the rate from three to two per cent. When a third of small businesses say they are looking to lay off staff in the next three months, governments need to ease up on all businesses, not just those fortunate enough to be in a position to hire.

A tax cut for independent businesses would allow many struggling businesses to ride out the economic storm just a little bit longer. It may even be enough for some businesses to put off staff cuts. It is — without a doubt — a very important and symbolic step. However, the problem with this transfusion, of course, is that the patient is still bleeding.

Newly elected politicians have had enough time to get acquainted with the current business reality, and the CFIB is thrilled all parties agree on this small business tax-cut measure. But let’s not lose sight of the bigger picture. Although taxation is a major concern for entrepreneurs, red tape, government deficits and employment issues are all challenges that need to be addressed — and soon — if we are to resuscitate the Alberta Advantage.