Corporate bailouts by federal government causing cuts to services

Dear editor,
Re: Corporate bailouts in Canada.

Dear editor,

Re: Corporate bailouts in Canada.

In the May 30 Globe and Mail, it was reported, “Taxpayers will be left on the hook for some of the $13.3 billion they provided to help bail out Chrysler Group LLC and General Motors Co.,” Finance Minister Jim Flaherty says.

I am concerned that North Vancouver Island MP John Duncan’s government has created a structural deficit by cutting corporate tax rates and now with a $1.2-billion bailout of the auto

sector in Canada.

Again, I quote the Harper government: “At the end of the day, there’s not going to be full recovery of the taxpayers’ investments that were made back in 2008-2009 — in the sense of

cash recovery,” Mr. Flaherty said Monday. “

What would happen if I told the City of Courtenay they weren’t getting a complete ‘cash recovery’ of my taxes, but I’d sure take good care of the boulevard in front of my house in lieu?

My concern is that Mr. Duncan’s government is embarked on an austerity program, cutting government departments (including defence) by 20 to 30 per cent, imposing significant cuts that will mean service cuts for ordinary Canadians.

All this because his government can’t get a ‘cash recovery’ and has reduced corporate taxes?

My question: Why are you making all these cutbacks to services for

Canadians while the corporate sector gets tax breaks and what amounts to corporate welfare with this $1.2 billion gift?

Cliff Boldt,

Sandwick1

Just Posted

Sailing cancellations as Baynes Sound Connector set to undergo maintenance

Travellers and residents travelling to/from Buckley Bay and Denman Island will have… Continue reading

Team effort rescues injured mountain biker in Cumberland

A team effort between Comox Valley Ground Search and Rescue, the Cumberland… Continue reading

Museum hosts birthday celebration for 103-year-old Comox Valley resident

HMCS Alberni Museum and Memorial welcomes June Gillrie

Tales from MusicFest: The sweet, down-home sounds of ‘Americana’

Asleep at the Wheel, Los Texmaniacs among legendary acts coming to the Comox Valley

Project Watershed plants eelgrass off of Miracle Beach Park

If you were at Miracle Beach Park over the weekend, you may… Continue reading

VIDEO: Killer whale steals fisherman’s catch off North Coast

Fishing duel results in eager orca snagging salmon in Prince Rupert

Fate of accused in Canadian couple’s 1987 killings in jury’s hands

William Talbott’s lawyer says DNA doesn’t prove murder

PHOTOS: North Island home gutted in fire deemed ‘suspicious’

No injuries reported; firefighters prevented blaze from spreading

Child killed after being hit in driveway on Vancouver Island

The driver of the vehicle remained at the crash scene and is fully cooperating

Eating sandwiches, putting on makeup behind the wheel could land you a fine

RCMP say if you cause an accident while eating you could be penalized

Cat badly hurt in animal trap was likely stuck for days, B.C. owner says

Blu, a three-year-old house cat, suffered severe damage to his hind leg after being stuck in trap for days

Vancouver Island woman assaulted after confronting thief

RCMP warn residents to call for police assistance

Island Health issues safer drug-use tips ahead of music festival season

Health authority aims to reduce overdose risks at festivals

Most Read