Corporate Tax Cuts

Instead of adding to Harper's record $56-billion deficit by borrowing $6 billion more for tax breaks to the largest corporations, Liberals want to address the economic pressures facing Canadian families when it comes to family care, pensions, learning and jobs.

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News & Politics

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• Harper
• Canada
• Politics
• Liberal
• Party

[DougaldLamont]

@ckilgour The Conservatives want to proceed with these cuts while Canada is running the largest deficit in history. That means Canada would be borrowing on behalf of all Canadians to finance these cuts, and Canada will be in deficit longer, while individual Canadians pay higher income taxes - if they have a job.

As it stands, your trickle-down argument doesn't go very far. The Harper corporate tax cuts are a recipe for the rich to get richer while the middle class foots the bill.

[s612h]

I remember the good old days when gas was like $.70 and I'm only 18!!!!

[Dorado161]

Conservatives (Brian Mulroney, Kim Campbell): $42 billion deficit. Result: 1993 Election. The Liberals, led by Jean Chrétien, won a strong majority in the House and formed the next government of Canada. Conservatives suffered the most lopsided defeat for a governing party at the federal level and managed to hold only 2 seats in the parliament.

Liberals (Jean Chrétien, Paul Martin): $12 billion surplus.

Conservatives (Steven Harper): $56 billion deficit and rising. Result: 2011 Election.

[walkerc585]

It should be said that, because we are already running a deficit, the government is BORROWING money to fund those corporate tax cuts, and the rest of us tax payers are paying interest on that borrowed money. Imagine taking out a loan yourself in order to give money to a profitable corporation (because only profitable corporations pay taxes). It sounds crazy, but that is exactly what Stephen Harper is FORCING us to do.

[m16pwnage]

Sigh, Canada has one of the lowest corporate taxes, this is a GOOD thing.

A low corporate tax is incentive for international corporations to do businesses in Canada.

When international businesses expand into Canada, they will hire a lot of Canadian workers and open up a lot of job opportunities.

Stephen Harper is not stupid, do you really think he would lower the corporate tax if all he'll get out of it is loss of public support and increased cost of living?

[harrisonconstantinou]

MY CANADA!!!!!

[vincevince801]

Bush did tax cut for the rich for eight years and we all know how that turned out. How about we cut taxs for all ppl making under 70k a year and rais the minimum wage.

Enough with tax cut and corporate welfare.

[ExitInGreen]

Nice try, USA has the highest corporate tax rate in the world, how's that working out for them? Liberal policies down south are sure working out good aren't they?

[TheSilverGypsy]

cancel the tax cuts and increase their contributions to the health care.Its their factory's and careless attitude to the environment that leads to a great percentage of sickness While we are on that line put all the green tax burden on their shoulders as well. Its their factory's quest to protect their bottom line that is destroying the planet, not you and I ,and our vehicles.

[coolwhoami]

@brettcaven This is not, however, the only way to stimulate job production. If you consider that our rates are already quite competitve if compared to say, the US (We have a flat 18% [perhaps a scaled rate would be better?] while the americans have a floating rate that starts at 15% and goes up to 35% for companies making more than 18 million a year) there are perhaps much better ways to borrow and spend money that directly impacts the people intended.

[torontotrog]

Do you remember when they got rid of incomes trusts because they said they werent paying tax, so why are we now giving a tax cut to corporations.

Why not spend the money on paying off the 50B we spent on a few banks and cars.