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Taxation Linked to Unemployment Losses and Growth
Troy Lanigan argues payroll taxes by federal and provincial governments reduce employment and output. Citing Bank of Canada data, he estimates a 1 percent drop in employment in 1993 and a $21 billion hit to growth from higher payroll taxes. He calls for cutting payroll taxes to spur work and tax revenues.
MENTIONED IN THIS ARTICLE
Bank of Canada
Canada
Brian Mulroney
Jean Chretien
Mulroney/Campbell