Fact Check - Hudak to end Wynne corporate welfare to pay for his own corporate welfare

TORONTO, May 10, 2014 /CNW/ - Tim Hudak's promise of 30 percent reduction in corporate taxes would mean $3-billion tax cut for the wealthiest corporations, based on the 2014/15 budget estimate that Ontario will take in $10.25-billion in corporate taxes.

Tim Hudak says he wants to end Kathleen Wynne's corporate welfare.  But really he wants to give his own $3 billion a year hand out to corporations without ensuring those companies are creating jobs or investing in Ontario. Sound familiar?

Call it a giveaway or a hand out or anything else, Kathleen Wynne and Tim Hudak both want to give away $3 billion a year with no string attached.

Only Andrea Horwath has a plan to end free corporate give aways and reward companies who invest and create jobs in Ontario with:

  • A job investment tax credit that would reward job creators in Ontario;
  • A manufacturing capital tax credit that would encourage investment.

Tim Hudak and Kathleen Wynne are creating a fake fight over the best way to reward companies that ship jobs overseas. Are they for real?

SOURCE: New Democratic Party of Ontario

For further information: Media Contact: Alex Callahan, 416-591-5455 x2386

RELATED LINKS
http://www.ontariondp.on.ca

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