Corporate Welfare In The Billions

Posted on Monday, January 15 at 09:12 by jensonj
The CTF found that almost $10 billion of the $18 billion paid out was basically free money -- grants and contribution that never had to be repaid. That's scary enough, but the report notes that "these numbers do not include handouts and loans made through Ottawa's regional development agencies" such as Western Economic Diversification. So the actual amount of corporate welfare in this country is even higher than $18.4 billion. The top 50 recipients of cash from Industry Canada comprise a who's who of corporate Canada, and those companies are not only highly profitable, but they account for one-third of all assistance. Is Stephen Harper listening? [Proofreader's note: this article was edited for spelling and typos on January 15, 2007]

Note: http://www.winnipegsun....

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