It's insane that people still listen to politicians like Doug Ford and Jason Kenney when they propose that cuts to corporate tax rates is going to help the economy. We've watched that proven wrong over and over again for most of our entire lives. Corporate tax cuts only ever work to benefit corporations, not you. Not once.
Canada's largest corporations are making 50% more profit than they did a decade ago, but their tax rates have been cut so much that they now pay 20% less in taxes than they did a decade ago.
Despite endless promises that tax cuts for business would create jobs, it turns out that the more you cut their taxes the fewer jobs they bother to create. In terms of job creation, corporations that benefitted the most from tax cuts didn't even keep up with the average growth of employment in the economy as a whole. They are dragging down employment growth rather than improving it.
https://www.policyalternatives.ca/publications/reports/corporate-income-taxes-profit-and-employment-performance-canadas-largest-compa
This holds true everywhere, not just in Canada.
https://nextcity.org/daily/entry/subsidizing-big-firms-doesnt-really-create-jobs-research-shows
When the government collects less income in taxes from corporations, two things happen. First, they cut spending, including on things that you value like health care. Secondly, they expect ordinary people to make up the shortfall. The year 2014 was the very first year in Canada's history that ordinary citizens fed more money into government tax coffers than all of the wealthy corporations added together do.
This continues a trend of shifting the tax burden away from wealthy corporations and ever more heavily onto the backs of citizens like you and I.
http://www.huffingtonpost.ca/2013/11/24/corporate-personal-taxes-canada_n_4333694.html
Corporate tax avoidance hurts national economies and continues to accelerate.
http://www.cbc.ca/news/corporate-tax-avoidance-scheme-hurting-canada-expert-says-1.2572712
"Canadian Corporate Income Tax rate reductions not only failed to lead to faster growth, there is evidence to suggest that CIT rate reductions contributed to *slower* growth. By reducing CIT rates, Canadian governments contributed to the increased income position of large firms. Instead of investing their enlarged earnings into growth-expanding industrial projects, Canada’s corporate sector—especially its largest firms—have increasingly stockpiled cash on their balance sheet. This “dead money,” as former Bank of Canada governor Mark Carney called it, is one ingredient in the heightened financial stagnation of recent times."
http://behindthenumbers.ca/2015/09/09/canadas-failed-experiment-with-corporate-income-tax-cuts/
Total hoarded corporate cash now exceeds the value of the national debt.
http://www.pressprogress.ca/en/post/corporate-canadas-cash-hoard-exceeds-national-debt
Let's free up that excess cash.
http://www.theglobeandmail.com/globe-debate/in-a-world-awash-in-cash-capital-overwhelms-us-now/article17368619/
Corporations are designed by law to behave like clinical psychopaths.
https://www.youtube.com/watch?reload=9&v=Y888wVY5hzw
Poor stupid Cliffy!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
He just DOES NOT GET IT!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Cutting corporate tax rates lures jobs here!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Or at least allows us TO KEEP such jobs as we have!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
And cutting corporate taxes allows companies to pay out HIGHER DIVIDENDS so that the rage of old folks on fixed incomes will be reduced- meaning less HATE directed at greedy govt!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Less public rage at govt might mean that the LIE-berals - so beloved of Cliffy - might have a better chance at re-election!!!!!!!!!!!!!!!!!!!!!!
But never mind that - such short sighted / cut off your nose to spite your face attitude is CLASSIC LOGIC for LIE-beral supporters like CLIFFY!!!!!!!!!!
And higher corporate dividends means that the investments made by the people running the civil service union Pension Plans will show higher returns that will benefit staunch LIE-beral supporting Hogs!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
AND our Canada Pension Plan Fund managers are investing VERY HEAVILY in the stock market................................
and higher corporate dividends makes it easier to supply pension money to hard pressed old folks!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Apparently Cliffy is so greedy he wants to take pennies out of the pockets of sick old folks!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Does Cliffy HAVE ANY IDEA how money works???????????????????????
Or is he still dealing in Wampum and trading slabs of dried Salmon for furs???????????????????????????
General Motors has been STUNG by the public movement that if GM does not build here- they should NOT SELL HERE EITHER!!!!!!!!!!!!!!!
It is a big part of the reason for Honda having a plant in Alliston Ont!!!!!!!!!!!!!!!!!!!!!!!!
And Huawei has been stung by the accusations they are STOOGES for Red Army Chinese spies!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
And Huawei sales to govt are suffering though the public trusts them........................for now!!!!!!!!!!!!!!!!!!!!!!!!!!
But LIE-berals like Cliffy ALWAYS IGNORE THE ELEPHANT IN THE ROOM!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
That wages and especially PENSIONS for our civil service union HOGS are crippling our economy!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
No Lie-beral wants to explain WHY a Hog should get paid ONE THIRD MORE- for doing the same job as somebody working in the private sector!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
No LIE-beral will explain why the clerk marking your $100 water bill as paid should get more gravy than the cashier toting up your $150 grocery bill!!!!!!!!!!!!!!!!!!!!!!!!!
NO LIE-beral wants to explain WHY it is that they routinely offer such wonderful grants and tax breaks to any company that will set up here and hire Cdns!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
And NO LIE-beral will admit that corporate CEO`s have seen right through the LIE-beral FAKERY and are refusing to take that pathetic LIE-beral bait!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
And NO LIE-beral will explain WHY they are offering so very many tax breaks to "Hollywood North"????????????
LIE-berals understand CLEARLY that Hollywood North WILL DIE AND TAKE AWAY ITS JOBS.................................................
UNLESS Hollywood North keeps getting those tax breaks!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
If the survival of Hollywood North is dependent on govt gravy......................................
then HOW can LIE-berals JUSTIFY INCREASED TAXES on other businesses????????????????????????????
Just so LIE-berals can grab enough gravy to BUY the votes of special interest groups- so LIE-berals can cling to power at any price???????????????????
Unless of course we BUY IN to the LIE-beral smoke and mirrors that HIDES the LIE-beral BAIT AND SWITCH SCAMS!!!!!!!!!!!!!!!!!!!
We have only to look at the LIE-beral carbon crap and trade tax SCAM.....................................
and the MAGICAL LIE-beral carbon rebate crap!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
LIE-berals assure us we will magically get back at least as much in rebates as we paid out in extra taxes and INFLATED costs foe all manner of goods and services!!!!!!!!!!!!!!!!!!!!!!!!!!!!
So if that is true then WHY IN HELL DO WE NEED a carbon tax SCAM IN THE FIRST PLACE????????????????????????
Cliffy is a FUNNY GUY!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
He HATES white people!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
And yet he is a staunch LIE-beral supporter!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Meaning he supports the most sleazy and dishonest of all white politicians!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
What a MAROON!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!