Liberal Agriculture Critic Wayne Easter

 

 

Whether or not we have a federal election this summer is up to Jack Layton says the agriculture critic for the Liberal Party.

"We're going to take a look at the budget as a party, but we've made it very clear that if the corporate tax cuts are in it we'll be voting against it," says Wayne Easter. "We'd be borrowing $6 billion from our grandchildren to give a tax break to the most wealthy corporations in the country, many of them in the oil, gas and fertilizer industry, giving them a tax break when their corporate taxes are already 25 percent below that of the United States'."

He notes the Liberals cut corporate taxes from around 28 to 20 percent when they were in government.

"What they did was increase executive salaries. They didn't really increase productivity. They increased payments to shareholders. They're sitting on a hold lot of cash rather than investing it into productivity and creating jobs," he says.

Finance Minister Jim Flaherty will table the budget on March 22nd.

~ Tuesday, March 8, 2011 ~