Canadian Labour Congress

Canadian Labour Congress

November 14, 2005 11:40 ET

Investment in people yes, across the board corporate tax-cuts no

Economic statement: working people's priorities Attention: Assignment Editor, Business/Financial Editor, City Editor, News Editor, Government/Political Affairs Editor OTTAWA--(CCNMatthews - Nov. 14, 2005) - The Canadian Labour Congress will be following today's economic statement closely as a measure of how serious the government is about investing in the priorities of working families.

"We'll be looking for movement on working Canadians' priorities. If government is serious about investing in people, fostering productivity and the creation of decent, full-time, family-supporting jobs this would be the time to show it," says Ken Georgetti, president of the Canadian Labour Congress.

Specifically, what the Canadian Labour Congress will be looking for in today's statement are the following:

?investments in skills training and learning

?investments in transportation and communications infrastructure

?investments in public health care (medicare is a huge competitive advantage)

As for the across the board corporate tax-cuts rumored in today's statement, Georgetti says that corporate profits are already at an all-time high and our corporate tax rates are as low as those in the US. Yet, these records profits have not necessarily translated into more business investment and better jobs. Large Canadian corporations are parking them in offshore tax shelters, in excess of 72 billion dollars by the end of 2004.

There is a case to be made for selective tax and spending measures to help hard-pressed manufacturers make badly-needed investments in workers' training, research, new machinery and to adjust to the higher dollar; measures that are direct investments in people.

The Canadian Labour Congress, the national voice of the labour movement, represents 3 million Canadian workers. The CLC brings together Canada's national and international unions along with the provincial and territorial federations of labour and 137 district labour councils. Web site: www.clc-ctc.ca

Contact: Jeff Atkinson, 613-526-7425 and 613-863-1413
/For further information: Jean Wolff, 613-526-7431 and 613-878-6040/ IN: ECONOMY, FINANCE, LABOUR, POLITICS, SOCIAL

Contact Information

  • Jeff Atkinson, Canadian Labour Congress
    Primary Phone: 613-526-7425
    Secondary Phone: 613-863-1413
    E-mail: communications@clc-ctc.ca