By News on the Net -- Franco Terrazzano CTF Federal Director—— Bio and Archives--July 6, 2023
OTTAWA, ON: The Canadian Taxpayers Federation is calling on the federal and Ontario governments to cut out the corporate welfare following news that Stellantis will receive $15 billion in special taxpayer treatment.
“The feds need to draw the line somewhere because taxpayers can’t afford to bankroll everyone and their dog who wants to make batteries,” Franco Terrazzano, Federal Director of the CTF, said. “It’s wrong for Prime Minister Justin Trudeau to choose big corporations over struggling taxpayers and it’s wrong for the opposition leaders to sit on their hands and say nothing.”
The federal and Ontario governments are handing out about $15 billion in subsidies for Stellantis, which is the parent company of Chrysler, Fiat and Maserati, among other car companies. Ottawa is paying for two-thirds of the costs while the Ontario government is paying the remaining $5 billion.
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