Main menu:

History of RPE Thought

Posts by Tag

RSS New from the CCPA

  • Help us build a better Ontario September 14, 2017
    If you live in Ontario, you may have recently been selected to receive our 2017 grassroots poll on vital issues affecting the province. Your answers to these and other essential questions will help us decide what issues to focus on as we head towards the June 2018 election in Ontario. For decades, the CCPA has […]
    Canadian Centre for Policy Alternatives
  • Does the Site C dam make economic sense for BC? August 31, 2017
    Today CCPC-BC senior economist Marc Lee submitted an analysis to the BC Utilities Commission in response to their consultation on the economics of the Site C dam. You can read it here. In short, the submission discussses how the economic case for Site C assumes that industrial demand for electricity—in particular for natural gas extraction […]
    Canadian Centre for Policy Alternatives
  • Ontario's middle and working class families are losing ground August 15, 2017
    Ontario is becoming more polarized as middle and working class families see their share of the income pie shrinking while upper middle and rich families take home even more. New research from CCPA-Ontario Senior Economist Sheila Block reveals a staggering divide between two labour markets in the province: the top half of families continue to pile […]
    Canadian Centre for Policy Alternatives
  • Join us in October for the CCPA-BC fundraising gala, featuring Senator Murray Sinclair August 14, 2017
    We are incredibly honoured to announce that Senator Murray Sinclair will address our 2017 Annual Gala as keynote speaker, on Thursday, October 19 in Vancouver. Tickets are now on sale. Will you join us? Senator Sinclair has served as chair of the Truth and Reconciliation Commission (TRC), was the first Indigenous judge appointed in Manitoba, […]
    Canadian Centre for Policy Alternatives
  • 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
Progressive Bloggers

Meta

Recent Blog Posts

Posts by Author

Recent Blog Comments

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!

 

Enjoy and share:

Write a comment





Related articles