During elections, Liberals and Conservatives don't talk much about corporate tax cuts. But come budget time, the biggest priority for Liberals and Conservatives is another round of tax giveaways to Canada's wealthiest corporations.

We will change that and bring a more balanced approach to Ottawa. Jack Layton and the New Democrats will:

Reverse the Liberal and Conservative giveaways. The New Democrats will not implement Mr. Harper's profligate, wasteful and unproductive corporate tax breaks. We'll restore a uniform 22.12% tax rate – what it was before the Martin and Harper governments began these giveaways.

Simplify the tax code by reviewing and eliminating outdated tax incentives and loopholes.

Tighten-up tax administration so everyone pays their fair share of taxes, and the billions of dollars in taxes currently owed, but not paid, are collected.

End the special tax breaks for the tar sand projects, and the big oil and gas industry.

Eliminate the loopholes that enable Canadian corporations to avoid paying the taxes they owe by running their finances through international tax havens, as spelled-out in the Auditor General's report.

Recover unpaid loans and outstanding taxes from corporations that are doing business with the federal government by deducting such debts from the contract payments.