Conservatives will review business subsidies in effort to save $1.5 billion

Must Read

Dawson Creek Fire Department responds to Sunday morning Structure Fire

DAWSON CREEK, B.C. - The Dawson Creek Fire Department responded to a report of a structure fire, early Sunday...

Fort St. John Community Awards will be broadcast online

FORT ST. JOHN, B.C. - Fort St. John's Community awards will be held online.

Active cases of COVID-19 now below 300 in BC as reported by Health Officials on Monday

VICTORIA, B.C. – The total number of confirmed COVID-19 cases in the Northern Health Region is still at 62...

HAMILTON — The federal Conservatives say they can find $1.5 billion in savings each year by eliminating some of the federal funding received by businesses.

Conservative Leader Andrew Scheer is at a barbershop in Hamilton, Ont., this morning to make the announcement.

He says a Conservative government will review all federal business subsidies and eliminate programs where the funds benefit shareholders, corporate executives, foreign companies, lobbyists or consultants.

- Advertisement -

Community Interviews with Moose FM

Scheer says the Conservatives would have never spent federal funds in ways the Liberals have, including $220 million to buy energy efficient gas turbines for the Canada LNG project in British Columbia, and the $4.5 billion purchase of the Trans Mountain pipeline.

He also is gunning for what he called the $35-billion “boondoggle-in-waiting” Canada Infrastructure Bank.

The Conservatives have thus far pledged tax credits, cuts and grants exceeding $9 billion which Scheer has said he will pay for by having different priorities than the existing government.

This report by The Canadian Press was first published Sept. 18, 2019

The Canadian Press

More Articles Like This