Jasmin Guénette and Vincent Geloso from the Montreal Economic Institute, Maxime Bernier’s old haunt, lament the Liberal promise to cancel future corporate tax cuts.
The more productive a company is, the higher salaries and better overall working conditions they can offer their workers. Highly productive companies can also afford to pay higher prices to their suppliers, which in turn allows those suppliers to offer better salaries and conditions to their employees. Raising corporate taxes, though, reduces the investments that could otherwise have improved worker compensation.
The Canadian Chamber of Commerce has launched a campaign against the Liberal proposal, prompting a formal reply from Liberal finance critic Scott Brison.