Layton announces plan to reward job creators

OSHAWA – Jack Layton today announced his job creation plan focused on targeted, affordable investments in small businesses and Canadian job creators.

“Stephen Harper’s jobs policy is across-the-board tax breaks, even to large profitable companies shipping Canadian jobs overseas,” Layton said. “It doesn’t work”.

“My plan will give small businesses a break and provide incentives to companies investing in job creation at home.”

Jack Layton’s plan will:

• Drop the small business tax rate from 11% to 9% - a 2 percentage point tax break that will help create jobs.
• Create a Job Creation Tax Credit for employers of up to $4,500 per new hire.
• Extend the Accelerated Capital Costs Allowance for the next four years.
• Restore the current Corporate Income Tax rate to 2008 levels and ensure Canada’s corporate tax rate always remains below the tax rate in the USA.

“Blind, across-the-board corporate tax giveaways are not a job creation plan. After 10 consecutive corporate tax cuts, Mr. Harper’s strategy has resulted in layoffs, jobs moving overseas and full-time work replaced with part-time work,” said Layton. “Our plan will reward businesses that create jobs in our communities.”

Oshawa radio ad