Tax Cuts and Jobs??

Posted: April 8, 2011 in Election, politics, Statistics and Lies

The well known conservative argument in favour of tax cuts to big business is the claim that they will stimulate the economy and increase employment.

A recent analysis of 198 Canadian businesses which have benefited from conservative tax cuts shows that they have contributed to employment increase less than the national average.  The very companies benefiting most from tax cut stimulus are the ones that perform the worst at creating new employment.

However, while these same companies are paying 20% less taxes (amounting to $12 billion a year in forfeited federal revenue), they are making 50% more profit.

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