If one entertains the view of the Conservative Party / Bay Street establishment and their acolytes in the Fraser and CD Howe Institutes - as well as their new branch plant in the Dion Liberals - the knock against the New Democrats' platform is that Layton's proposal to return corporate rates of tax to where they were only last year is tantamount to shutting down the economy (proving there is sometimes more overacting among the economic right than in a grade 7 production of "Our Town").
So it's a good thing that Erin Weir over at Progressive Economics Forum has written this. In a phrase: "corporate taxes are but one of many factors that influence competitiveness."
Weir is absolutely right of course. Massive corporate giveaways since 2000 have given us the economy we have now: losing jobs, and delivering virtually zero wage growth. It hasn't worked in the US either. So Jack Layton is right -- if participating in a rush to the bottom on corporate taxes hasn't gotten us what we want yet, why keep doing it?