Private-sector capital spending in the U.S. picked up substantially after President Trump took office.
Tax reforms effectively reduced the U.S. business tax rate by 34 per cent.
The top personal income tax rate now exceeds 50 per cent in seven provinces.
Capital flows to LSVCCs regardless of performance.
High corporate income tax rates can undermine economic performance.
High marginal tax rates discourage productive economic activities such as work, savings, investment and entrepreneurship.
Ottawa and many provincial governments have increased already uncompetitive personal income tax rates.
The taxman takes $17,800 in provincial taxes from the average Ontario family every year.