This Christmas season when we talk about individual generosity and charity, let us also remind ourselves of the generosity and charity that the Canadian government provides to large multinational corporations.
Our federal government gives huge dollars in tax cuts to corporations by taking from our fast-depleting social programs.
Recently, Finance Minister Bill Morneau announced a $14 billion tax break for corporations. This is enough to fund a national daycare program.
Corporate lobbyists are always active in pushing their agendas on Parliament Hill. The irony of the situation is that the politicians, lobbyists and corporate higher-ups who formulate these plans also suffer from depleting social programs including health, education and environmental protection.
However, these cuts most severely affect the working class and small businesses who have no one to lobby for them.
Canada ranks in the bottom third of social expenditure per GDP out of all OECD countries. In this time of record profits but soaring inequality, we can do much better.
For more information you can read this article: https://theconversation.com/corporate-welfare-bums-its-payback-time-107306
Arun Chatterjee, Surrey