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Tories revive corporate welfare politics
Tuesday, December 14th, 2010
December 14, 2010
Pratt & Whitney owes taxpayers at least $1.2 billion dating back more than 13 years. David Lewis, who coined the term “corporate welfare bums” almost 40 years ago, must be turning over in his grave… According to Clement’s press secretary, “hypothetically, without the project, the workforce would have shrunk.”… The corporation hasn’t taken any risk. The taxpayers have. The loan is entirely interest-free because it’s being offered under an official government program.
Tags: budget, ideology
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