Subsidizing Boosh And Buddies

[CHIMO]

Environmentalists say tax breaks to oil sands should be ended

OTTAWA (CP) - It's irresponsible for Ottawa to keep subsidizing new tar-sands operations given the record profits the industry is making, environmentalists say.

The tax breaks introduced as incentives for development are no longer needed and the money should be recovered to help low-income people cope with high energy prices, said Beatrice Olivastri, executive director of Friends of the Earth.

"Who shall the government help - low-income seniors or tar sands?" she asked at a news conference Monday. "I know who I would choose."

For example, the full cost of a new tar-sands plant can be written off in its first year of operation, rather than being written off over the plant's useful life. The accelerated write-off has the effect of lowering the operator's tax bill.

http://www.macleans.ca/topstories/politics/news/shownews.jsp?content=n100351A

So folks, we can see where our money goes.

[Bassic]

1. That's right on the money is you ask me.

They make so much money off our backs it's sickening, we should start using the taxes they can easily afford to pay.