The province's top income tax bracket to 53.53 per cent, the third-highest rate in North America.
Ontario and Alberta are projecting budget deficits for years to come.
The province should make its personal and corporate income tax system more competitive.
When apologists for the provincial government's new borrowing binge defend it on the grounds that private sector companies borrow money for capital expenses so why not have the Alberta government do the same? their defence invariably contains a significant and faulty assumption: that political behaviour is the same as that of private companies.