Corporate welfare
A clever site called People for Corporate Tax Cuts does a brilliant job of highlighting the impact on Canadians of a corporate tax cut. Although it’s designed for an Ontario audience, it works well at all levels of government. Governments only have so much money. If they cut the corporate tax rate, either they have to increase the tax burden on individuals, or they have to cut services. This might make sense if we had outrageous corporate tax rates that made it difficult for businesses to compete in a global economy, but that’s not the case. Corporate tax cuts are just welfare for the rich.
— Adriana Mugnatto-Hamu on 2011 Feb 28 in Fun, Social justice & diversity, Videos |