The United Conservative government unveiled its 2020 budget last week. According to Finance Minister Toews, the budget is focused on job creation and will set Alberta back “on track.” However, the province’s employment numbers don’t quite match up with the government’s cheery view.

Since July, when Kenney rolled out his tax cuts for corporations, Alberta has lost thousands of jobs. Between June 2019 and January 2020, there has been a loss of 40,000 jobs in the province. More markedly, 49,000 full-time jobs have been lost since the corporate tax cuts. Part-time jobs, on the other hand, have increased.

The United Conservative’s corporate tax cut legislation, named the “Job Creation Tax Cut,” was supposed to attract investment and create thousands of good jobs. Alberta’s corporate tax rate has been slashed by 2 percent and yet, instead of more jobs, the province is reporting a considerable drop in employment.

The corporate tax cuts have, however, cost the province $4.5 billion in revenues.

Kenney’s budget plan has “fallen completely off the rails” says Trevor Tombe, an associate professor of economics. According to him, the new 2020 budget only doubles down on a fiscal and economic strategy that has not panned out according to plan.

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