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Cuts Hurt Us All : Corporate Tax Stash

Cuts Hurt Us All : Corporate Tax Stash

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Public service cuts pay for corporate tax cuts

All the money the government will save from cuts to public services will pay for corporate tax cuts, monster bonuses and sky-high wages of corporate CEOs.

Dalton McGuinty is giving away $2.4 billion a year in tax cuts to profitable corporations. Conservative Leader Tim Hudak will do  the same if he becomes Premier.

The latest figures from Statistics Canada show that private companies in Canada are sitting on $471 billion in cash – and that doesn’t include the banks.*

Companies aren’t using their cash reserves to invest in their businesses and create jobs. They are hoarding the money. So why are we giving them even more cash to sit on?

* Read more here.