From The Globe & Mail
. This was supposed to have been a photo-op to showcase Liberal unity and the leader’s confidence, but it looks to me that Bob Rae has just planted the kiss of death on Stephane Dion.
Note that Stephane Dion keeps getting invited on CBC radio where he is served up big fat slow pitches to hit. Dion prattles on with old baseless canards about the NDP and indulges his delusions of grandeur by whining about being the most targeted man in history. Today he was on “Cross Country Check-Up for a full hour. Has the CBC officially endorsed the LPC or will the other leaders be invited to appear on this publicly funded station?
A couple of reactions to Dion’s “blasting” of the NDP. Dion has no justifiable claim to calling the Liberals a “progressive” party. He propped up a Conservative government for over two years, and kept agreeing to extend the war in Afghanistan. Dion voted for a Conservative budget that cut funding to women’s programs, cut the court challenges program, cut literacy funding and attacked social spending. Moreover, until the Liberals run on electoral reform they continue to support a flawed democracy and have no right to call themselves “progressives”.
Dion attacks the idea of repealing the corporate tax cuts and the strategic investment in business, particularly the green economy, which he misrepresents as an “old-fashioned socialist approach” that is not being used anywhere. Well, the idea of closing loopholes that allow greedy corporations to eschew their responsibility
, and not slashing corporate tax seems good enough to be a cornerstone of Barack Obama’s economic plan. In fact, slashing corporate taxes, and a trickle down economic philosophy seems to me the outdated approach, and we might consider Layton’s approach as the truly “progressive” approach.
According to the Canadian Centre for Policy Alternatives
, a study conducted by economist Jim Stanford found that corporate tax cuts will only increase gap between oil-producing provinces and rest of country. The CCPA states
“Despite what Finance Minister Flaherty says, corporate tax cuts are an especially uneven policy tool,” Stanford says. “These corporate tax cuts constitute a significant net fiscal shift in favour of Alberta, and away from Ontario and every other non-oil-producing province.”
According to the study, Canada’s three oil-producing provinces, which account for 15% of the population, generate 36% of corporate profits—and can be expected to reap a similarly large share of the benefits of corporate tax reductions. On a per capita basis, companies operating in the oil-producing provinces can be expected to receive three times as much benefit from the tax cuts as companies in the rest of the country.
The study also questions the economic impact of corporate tax cuts. Despite the dramatic decline in corporate tax rates this decade, business spending on capital equipment and R&D has been remarkably sluggish—even as Canadian companies are enjoying all-time record profits.
“Corporate tax cuts, as expensive as they have been and will continue to be, have had no visible impact on the broad pattern of business investment at all,” Stanford says.
“In addition to asking whether the regional and sectoral impacts of the Harper government’s $15 billion annual corporate tax cuts are fair and acceptable to the majority of Canadians, we should also ask whether they will have any beneficial impact on Canada’s economy at all,” concludes Stanford.
Vickky Angstrom in the comments section of the G&M article linked to above, puts it well:
Dion doesn’t understand what the NDP knows: the strongest economic platform IS healthcare, education and childcare. These stabilize the society so that the creativity of business can flourish. Investing in people is smart business.