The Canadian Taxpayers Federation (CTF) wants the federal and Ontario governments to stop giving special treatment to corporations after news broke that Stellantis will receive $15 billion in taxpayer money..“The feds need to draw the line somewhere because taxpayers can’t afford to bankroll everyone and their dog who wants to make batteries,” said Franco Terrazzano, federal director of the CTF..“It’s wrong for Prime Minister Justin Trudeau to choose big corporations over struggling taxpayers and it's wrong for the opposition leaders to sit on their hands and say nothing.” .The federal and Ontario governments are giving Stellantis, the company that owns Chrysler, Fiat, Maserati, and other car companies, around $15 billion in subsidies..The Ontario government is paying the $5 billion, with the Trudeau government covering the remaining two-thirds of the costs..The Stellantis handout will cost taxpayers about $6 million per job. .A few months ago, another massive handout went to a Volkswagen EV battery plant that will cost taxpayers about $5 million per job. .The CTF wants opposition leaders in the House of Commons to say no to the deal. .Pierre Poilievre, the leader of the Conservative Party, told the CTF that if he becomes the prime minister, he would “cut corporate welfare and use the money to lower taxes for small businesses.” .Jagmeet Singh, the leader of the New Democratic Party, believes that “corporate greed is out of control.”.“Small business owners and families all across Canada are working hard and paying their taxes only to see billions handed over to multinational corporations with massive profits,” said Jay Goldberg, Ontario director of the CTF..“The Trudeau and Ford governments are setting a terrible precedent that will encourage other companies to hold taxpayers hostage until they get their own deal from Parliament Hill and Queen’s Park.”
The Canadian Taxpayers Federation (CTF) wants the federal and Ontario governments to stop giving special treatment to corporations after news broke that Stellantis will receive $15 billion in taxpayer money..“The feds need to draw the line somewhere because taxpayers can’t afford to bankroll everyone and their dog who wants to make batteries,” said Franco Terrazzano, federal director of the CTF..“It’s wrong for Prime Minister Justin Trudeau to choose big corporations over struggling taxpayers and it's wrong for the opposition leaders to sit on their hands and say nothing.” .The federal and Ontario governments are giving Stellantis, the company that owns Chrysler, Fiat, Maserati, and other car companies, around $15 billion in subsidies..The Ontario government is paying the $5 billion, with the Trudeau government covering the remaining two-thirds of the costs..The Stellantis handout will cost taxpayers about $6 million per job. .A few months ago, another massive handout went to a Volkswagen EV battery plant that will cost taxpayers about $5 million per job. .The CTF wants opposition leaders in the House of Commons to say no to the deal. .Pierre Poilievre, the leader of the Conservative Party, told the CTF that if he becomes the prime minister, he would “cut corporate welfare and use the money to lower taxes for small businesses.” .Jagmeet Singh, the leader of the New Democratic Party, believes that “corporate greed is out of control.”.“Small business owners and families all across Canada are working hard and paying their taxes only to see billions handed over to multinational corporations with massive profits,” said Jay Goldberg, Ontario director of the CTF..“The Trudeau and Ford governments are setting a terrible precedent that will encourage other companies to hold taxpayers hostage until they get their own deal from Parliament Hill and Queen’s Park.”
