Harper is giving "tax giveaways" to companies shipping jobs overseas

Layton announces plan to reward job creators

Slams Harper for tax giveaways to companies shipping jobs overseas

March 30, 2011

OSHAWA – Jack Layton today announced his job creation plan focused on targeted, affordable investments in small businesses and Canadian job creators.
“Stephen Harper’s jobs policy is across-the-board tax breaks, even to large profitable companies shipping Canadian jobs overseas,” Layton said. “It doesn’t work”.
“My plan will give small businesses a break and provide incentives to companies investing in job creation at home.”
Jack Layton’s plan will:

• Drop the small business tax rate from 11% to 9% - a 2 percentage point tax break that will help create jobs.
• Create a Job Creation Tax Credit for employers of up to $4,500 per new hire.
• Extend the Accelerated Capital Costs Allowance for the next four years.
• Restore the current Corporate Income Tax rate to 2008 levels and ensure Canada’s corporate tax rate always remains below the tax rate in the USA.

“Blind, across-the-board corporate tax giveaways are not a job creation plan. After 10 consecutive corporate tax cuts, Mr. Harper’s strategy has resulted in layoffs, jobs moving overseas and full-time work replaced with part-time work,” said Layton. “Our plan will reward businesses that create jobs in our communities.”

Abbotsford NDP Candidate David Murray with Ed Broadbent at Halifax convention 2009

email : davidmurrayabbotsfordndp@gmail.com

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