Alberta
Flames get hot in second period for 7-2 win over Sabres
By Mark Lukwiczak in Buffalo
The Calgary Flames scored four times in just over five minutes in their 7-2 win over the Buffalo Sabres on Saturday.
Dillon Dube had a goal and three assists for Calgary and Tyler Toffoli had two goals and an assist. Jakob Pelletier, Mikael Backlund, Nazem Kadri and Dennis Gilbert also scored, while Jacob Markstrom made 21 saves.
Tage Thompson and Casey Mittelstadt scored for the Sabres, and goalie Ukko-Pekka Luukkonen made 33 saves.
After falling behind 2-0, the Flames took control with a dominant second-period surge that saw them score four times between 2:17 and 7:39.
“It just felt like everything kind of kept coming in waves and we did a really good job,” Toffoli said. “We could tell that they were getting frustrated and we just capitalized on our opportunities.”
Pelletier, the 26th overall pick in the 2019 draft, began Calgary’s comeback with his first career goal. Backlund evened the score 20 seconds later from the right circle on a poor moment by Luukkonen.
Gilbert, a Buffalo native, scored his first goal of the season and the second of his career 4:04 into the second by collecting a drop pass and beating Luukkonen with a low slap shot.
“We maybe started a little bit slower than we would’ve liked, but we had a good response in between periods,” Gilbert said. “We had a good second and third.”
Luukkonen made one of his best saves of the season on a two-man rush 7:09 into the second, robbing Dube. But the Flames quickly struck again, making it 4-2 20 seconds later on Kadri’s shot through traffic for his 20th goal of the season.
Calgary outshot Buffalo 34-8 through two periods.
“We never found a rhythm even though we had some good energy in the first, and then we died,” Sabres coach Don Granato said. “We looked fatigued. We looked like we hadn’t played in a while.”
Toffoli made it 5-2 1:57 into the third on a tap-in and scored his second of the game to make it 6-2 with 6:55 remaining. Dube scored with 2:49 left in the game for the final margin.
Thompson opened the scoring on the power play 7:56 into the game on his 35th goal of the season. He has a career-high 69 points through 51 games.
ANDERSSON OUT AGAIN
Calgary defenseman Rasmus Andersson was held out after he was struck by a vehicle while riding a scooter in Detroit on Wednesday. Andersson has been considered day to day and isn’t expected to miss a significant amount of time. Andersson is one of Calgary’s top defensemen and has 34 points on the season.
UP NEXT
Flames: Travel to Ottawa to play the Senators on Monday.
Sabres: Begin a three-game trip against the Los Angeles Kings on Monday.
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AP NHL: https://apnews.com/hub/nhl and https://twitter.com/AP_Sports
Alberta
Alberta government should eliminate corporate welfare to generate benefits for Albertans
From the Fraser Institute
By Spencer Gudewill and Tegan Hill
Last November, Premier Danielle Smith announced that her government will give up to $1.8 billion in subsidies to Dow Chemicals, which plans to expand a petrochemical project northeast of Edmonton. In other words, $1.8 billion in corporate welfare.
And this is just one example of corporate welfare paid for by Albertans.
According to a recent study published by the Fraser Institute, from 2007 to 2021, the latest year of available data, the Alberta government spent $31.0 billion (inflation-adjusted) on subsidies (a.k.a. corporate welfare) to select firms and businesses, purportedly to help Albertans. And this number excludes other forms of government handouts such as loan guarantees, direct investment and regulatory or tax privileges for particular firms and industries. So the total cost of corporate welfare in Alberta is likely much higher.
Why should Albertans care?
First off, there’s little evidence that corporate welfare generates widespread economic growth or jobs. In fact, evidence suggests the contrary—that subsidies result in a net loss to the economy by shifting resources to less productive sectors or locations (what economists call the “substitution effect”) and/or by keeping businesses alive that are otherwise economically unviable (i.e. “zombie companies”). This misallocation of resources leads to a less efficient, less productive and less prosperous Alberta.
And there are other costs to corporate welfare.
For example, between 2007 and 2019 (the latest year of pre-COVID data), every year on average the Alberta government spent 35 cents (out of every dollar of business income tax revenue it collected) on corporate welfare. Given that workers bear the burden of more than half of any business income tax indirectly through lower wages, if the government reduced business income taxes rather than spend money on corporate welfare, workers could benefit.
Moreover, Premier Smith failed in last month’s provincial budget to provide promised personal income tax relief and create a lower tax bracket for incomes below $60,000 to provide $760 in annual savings for Albertans (on average). But in 2019, after adjusting for inflation, the Alberta government spent $2.4 billion on corporate welfare—equivalent to $1,034 per tax filer. Clearly, instead of subsidizing select businesses, the Smith government could have kept its promise to lower personal income taxes.
Finally, there’s the Heritage Fund, which the Alberta government created almost 50 years ago to save a share of the province’s resource wealth for the future.
In her 2024 budget, Premier Smith earmarked $2.0 billion for the Heritage Fund this fiscal year—almost the exact amount spent on corporate welfare each year (on average) between 2007 and 2019. Put another way, the Alberta government could save twice as much in the Heritage Fund in 2024/25 if it ended corporate welfare, which would help Premier Smith keep her promise to build up the Heritage Fund to between $250 billion and $400 billion by 2050.
By eliminating corporate welfare, the Smith government can create fiscal room to reduce personal and business income taxes, or save more in the Heritage Fund. Any of these options will benefit Albertans far more than wasteful billion-dollar subsidies to favoured firms.
Authors:
Alberta
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