Ford Conservatives Pandering to “Corporate Welfare Bums” as People and Public Services Go Begging: CUPE Ontario

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Postmedia has not reviewed the content. by Business Wire Ford Conservatives Pandering to "Corporate Welfare Bums" as People and Public Services Go Begging: CUPE OntarioAuthor of the article:TORONTO — While Ontarians struggle to make ends meet and workers struggle to deliver threadbare public services, Ontario Finance Minister Peter Bethlenfalvy has announced a huge corporate tax break that takes billions out of government coffers and further shortchanges the public services that Ontarians rely on.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountCalling it Ontario’s component of the federal government’s “Productivity Mega Deduction” proposal, Minister Bethlenfalvy announced an $8 billion tax cut that lets businesses immediately write off 100 per cent of the value of capital investments.This advertisement has not loaded yet, but your article continues below.“This Conservative gimmick calls to mind the late, great David Lewis’s label of ‘corporate welfare bums,’” said CUPE Ontario President Yolanda McClean. “Ford’s government has billions in public money for private corporations and austerity for the rest of us.”Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. 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Please try againCUPE Ontario slammed the tax cut with the following facts and statistics:Spending $8 billion to create 30,000 jobs works out to more than $266,000 per job.Forgoing $8 billion in revenue for $11 billion in capital investment means the public is underwriting 72.7% of private capital investment.The most recent report from the Financial Accountability Office states the provincial government will short funding for public services by some $16.8 billion over the next three years.“Corporate giveaways aren’t going to make our province more resilient; the Stellantis fiasco has taught us that,” said McClean. “Major investments in our public services and a reversal to the government’s ongoing program of privatization will make our province a better and more equal place for ordinary Ontarians.”She noted that Ontario has the second-highest unemployment rate in Canada but that there are also 37,000 job vacancies in the public sector, corresponding to “the crying need for more child care, education, social service and health care workers, among others.”“In our current cost-of-living crisis, the government should worry about providing the public services that Ontarians are in desperate need of, instead of providing corporate handouts,” concluded McClean.Following the release of tomorrow’s Financial Accountability report, CUPE Ontario will update its numbers comparing the FAO’s cost-driver projections to the government’s 2026 spending plans for health care, education, post-seconding education and social services.View source version on businesswire.com: This advertisement has not loaded yet.Notice for the Postmedia NetworkThis website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. 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