Ford wants to feed the greedy - corporations answer to shareholders not voters

We have record high corporate profits, and he wants to give them another $4 billion — how does that make any sense?

Ford Proposes $4 Billion Handout to Corporations

Ontario Conservative Leader Doug Ford announced a plan to give corporations a big tax break, dropping their tax rate from 11.5% to 10.5%.

Ford has argued this is necessary to encourage businesses to set up shop in Ontario. But corporate profits in Ontario have never been larger.

In the first quarter of last year, corporations raked in $133 billion of profit in Ontario. This was up 15% from Q1 of the previous year and represented a record-high 16.1% of Ontario’s GDP.

It is certainly not the case that corporations are in need of an additional incentive to do business in Ontario — they are already doing better than ever before.

Read more: https://north99.org/2018/04/18/ford-corporate-tax-cut-facts/