March 30, 2004 (37th Parliament, 3rd Session)

CA

James Rajotte

Canadian Alliance

Mr. James Rajotte

For the member opposite, let me give her some facts. Since 1996 TPC has made 591 grants for a total value of $2.4 billion. How much of that money has been repaid to date? According to figures we obtained on February 3, 2004, $47 million out of the $2.4 billion has been repaid. What is that? That is 1.9%. In eight years the cumulative repayment rate is 1.9%. It is absolutely shameless that the government would continue to dole out money to corporations of its choosing and only gets back less than 2% of taxpayers' money.
Our view is that we need a new industrial policy. The Conservative Party favours an industrial policy that lowers taxes, increases spending on research and development and finally ends this terrible policy of corporate welfare.

Topic:   Government Orders
Subtopic:   The Budget
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