- Get ready for the dirtiest Con campaign ever waged in the anals of Canadian history

http://www.thestar.com/news/canada/article/931180--harper-sets-stage-for-commons-showdown
Back to Harper sets stage for Commons showdown
Harper sets stage for Commons showdown
January 31, 2011
Les Whittington and Richard Brennan

Guy Giorno appointed as Conservative campaign chair???

Get ready for the dirtiest Con campaign ever waged in the anals of Canadian history, up there with the right-wing extremists in the US



Harper's reduction of the corporate tax is ideological, plain and simple. It has nothing to do with any proclaimed interest in creating jobs or of helping the people of Canada.

Harper also is not interested in co-operating or listening, in any honest fashion, to what the opposition leaders have to say and the budget, despite Harper and the Con's representing a mere 33% of the Canadian people, will not be a compromise but will be one more nail in the coffin of Canadian Con'ism.

"Five reasons to say no to more corporate tax cuts", Armine Yalnizyan, G&M, 28 Jan.'11:

Corp tax cuts rewards corp's whether they create jobs or not. Also, much of the profits will flow outside Canada due to foreign ownership, creating jobs elsewhere

- Least effective job creation measure
infrastructure and income supports for the unemployed and low income Canadians 8 times bigger impact than cutting corp. taxes.

- Little Impact on investments
From 2000 - 2010
Corp tax fallen from 28% to 18%
Business investment (in non-residential structures and equipment): 12.4% GDP to 12.4% GDP

- Pay more tax to cut taxes
reducing tax rtaes from 22.12% to 15% reduces the size of the public purse by $13.7-billion annually by 2012
Estimated deficit in 2012 will be between $21- and $26-billion
Financing this tax cut requires borrowing more money.

- False economies
Infrastructure - hundreds of billions are needed
Corp's are not responsible for Infrastructure - roads, bridges, etc., the government is, we are, more importantly our children will be

- The question of working capital
Canadian corp have increased their capital surpluses even in the recession.
They already have the surpluses to create jobs, if that is in the cards.

Lloyd MacILquham cicblog.com/comments.html