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  • How to make NAFTA sustainable, equitable July 19, 2017
    Global Affairs Canada is consulting Canadians on their priorities for, and concerns about, the planned renegotiation of the North American Free Trade Agreement (NAFTA). In CCPA’s submission to this process, Scott Sinclair, Stuart Trew and Hadrian Mertins-Kirkwood point out how NAFTA has failed to live up to its promise with respect to job and productivity […]
    Canadian Centre for Policy Alternatives
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    Five weeks ago the CCPA-BC began a letter to our supporters with this statement: “What an interesting and exciting moment in BC politics! For a bunch of policy nerds like us at the CCPA, it doesn’t get much better than this.” At the time, we were writing about the just-announced agreement between the BC NDP […]
    Canadian Centre for Policy Alternatives
  • Could skyrocketing private sector debt spell economic crisis? June 21, 2017
    Our latest report finds that Canada is racking up private sector debt faster than any other advanced economy in the world, putting the country at risk of serious economic consequences. The report, Addicted to Debt, reveals that Canada has added $1 trillion in private sector debt over the past five years, with the corporate sector […]
    Canadian Centre for Policy Alternatives
  • The energy industry’s insatiable thirst for water threatens First Nations’ treaty-protected rights June 21, 2017
    Our latest report looks at the growing concerns that First Nations in British Columbia have with the fossil fuel industry’s increasing need for large volumes of water for natural gas fracking operations. Titled Fracking, First Nations and Water: Respecting Indigenous rights and better protecting our shared resources, it describes what steps should be taken to […]
    Canadian Centre for Policy Alternatives
  • Betting on Bitumen: Alberta's energy policies from Lougheed to Klein June 8, 2017
    The role of government in Alberta, both involvement and funding, has been critical in ensuring that more than narrow corporate interests were served in the development of the province’s bitumen resources.  A new report contrasts the approaches taken by two former premiers during the industry’s early development and rapid expansion periods.  The Lougheed government invested […]
    Canadian Centre for Policy Alternatives
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The Progressive Economics Forum

Budget 2015: Robin Hood in Reverse

Here’s a link to the longer analysis I prepared of the federal budget, now on-line at CUPE’s website, to accompany the press release and notes we put out immediately following the budget.

The entire document may be too long to post here, so here’s the 1st two paragraphs.

The Big Picture: more tax cuts for the rich: nothing for jobs and working Canadians.

The Conservative’s 2015 federal budget demonstrates they have nothing new to offer workers and the majority of Canadians. Once again it includes tax cuts for business and the wealthy, and nothing substantial to create decent jobs or to help Canadians struggling to make ends meet. In fact, it takes money from workers contributed through the surpluses in the Employment Insurance fund to pay for these tax breaks for the wealthy and corporations.

The Conservative’s economic policies and spending cuts are destroying jobs, squeezing workers’ wages, slowing down economic growth and making it harder for working families to get by.

_______________

Economics is the dismal science, but I have to admit that the budget is not without elements of unintended humour–but you have to wade deep in to find them.

On page 345, it states that they will improve the integrity of federal procurement.

The Government will take action by introducing a new government-wide integrity regime for its procurement and real property transactions to ensure that it does business with ethical suppliers in Canada and abroad.”

This comes right after they just announced they will give the multi-billion dollar P3 contract to rebuild Montreal’s Champlain Bridge to a consortium including SNC Lavalin, a company that was recently charged with fraud in relationship to another P3, the multibillion McGill University Health Centre (MUHC), and banned from contracts by the World Bank for ten years because of its extensive record of bribery, corruption and fraud. The Champlain Bridge project’s costs have already almost doubled as a P3. SNC-Lavalin has some conservative connections and the former CEO of the MUHC was Arthur Porter, who Harper had also appointed to chair of the Security Intelligence Review Committee.  He was arrested for fraud in Panama in relation to kickbacks from SNC-Lavalin on the MUHC project and is awaiting extradition.

On page 339, the budget states it has closed over 90 tax loopholes since 2006 — but of course these pale in relation to the massive new tax loopholes they are creating!

 

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