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deicer

Regarding all Politicians

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I know it has been contentious, but this pretty much sums up everything I feel about all politicians.....(stolen from Facebook)

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/…/corporate-income-taxes-…

This holds true everywhere, not just in Canada.

https://nextcity.org/…/subsidizing-big-firms-doesnt-really-…

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/…/corporate-personal-taxes-can…

Corporate tax avoidance hurts national economies and continues to accelerate.

http://www.cbc.ca/…/corporate-tax-avoidance-scheme-hurting-…

"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/…/canadas-failed-experiment-wit…/

Total hoarded corporate cash now exceeds the value of the national debt.

http://www.pressprogress.ca/…/corporate-canadas-cash-hoard-…

Let's free up that excess cash.

http://www.theglobeandmail.com/…/in-a-worl…/article17368619/

 

corporate tax.jpg

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As we have seen with the resource industry, companies move to where there is a business friendly climate. Would you want to be the politician that hikes corporate tax rates, companies abandon Canada and then watch as job losses mount??  Ask Trudeau how he thinks his chances are in western Canada right now. And Wynne found out the same thing when she was in power (unfriendly business environment).

So go ahead...raise corporate rates and see what happens.

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https://mediabiasfactcheck.com/un-watch/

These media sources are moderately to strongly biased toward conservative causes through story selection and/or political affiliation. They may utilize strong loaded words (wording that attempts to influence an audience by using appeal to emotion or stereotypes), publish misleading reports and omit reporting of information that may damage conservative causes. Some sources in this category may be untrustworthy.

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