As the first day of Alberta’s provincial election officially kicks off on May 1, Alberta Premier Danielle Smith is pledging to cut taxes if her UCP government is re-elected.
Smith said she would create a new 8 percent tax bracket for families earning under $60,000 per year. This measure, according to Smith, would mean a savings of $760 per working taxpayer earning over $60,0000 annually, or $1,500 per family.
“Albertans earning less than $60,000 will see a 20 percent reduction to their provincial tax bill under this tax cut,” Smith said at a press conference in Calgary.
The tax cut has been costed out at $1 billion, Smith added, while saying the lost revenue would be offset by growth in other areas….