Socialist Worker | issue 533 | August 2011
by Philip Murton
In the recent federal budget, the Harper Tories announced they are planning to balance the budget in the coming years.
They spoke of reducing the deficit but this will be on the backs of the people who work for the federal government. This will lead to the slashing of essential services and the loss of jobs.
This is part of the Tories’ plan to cut corporate tax rates. They claim this will increase employment and help the economy.
But new research by CAW Economist Jim Stanford shows that cutting corporate tax rates “bear little relationship to increased staffing levels or a boost in economic activity.”
Instead of listening to Canadians, the Tories have decided to transfer $4 billion from vital public services to corporate bank accounts with no strings attached.
In response, the Public Service Alliance of Canada (PSAC) has launched a national campaign to reach out to workplaces and communities across the country.