Alberta Advantage Debt Reduction and Job Creation Plan
1) 50,000 – 100,000 JOBS WITHIN ONE YEAR
If elected or given the balance of power, an Alberta ADVANTAGE party government has the potential to introduce 50,000 – 100,000 new jobs within one year.
2) TRANSFER OWNERSHIP OF WELLS
There are 77,000 stranded oil and gas wells in the province. Upwards of 30,000 may be useable for further extraction, giving up to 300,000 barrels of oil per day with a royalty of $2.50 per barrel based on an oil price of $50.00 per barrel. This gives a royalty to the government of $750,000.00 per day. Then there are the taxes collected from pay roll and corporate.
There are current regulations which prevent the growth of small and medium sized energy companies from accessing these stranded and orphaned wells.
Our plan to cut red tape will enable these smaller businesses to get back to work and reopen our stranded and orphaned wells putting small business back in business.
3) YOU MAKE MORE WE TAKE LESS
Alberta will return to a flat tax system for both personal and corporate taxes at a rate of 10.5%. We will bring in the Alberta ADVANTAGE incentive to doing business and finding work, here in Alberta.
With this plan, the Alberta economy will be invigorated and people WILL get back to work IMMEDIATELY!