‘Corporate welfare’ a Conservative target in first 100 days, Scheer says
BURNABY, B.C. — Andrew Scheer started to lay out on Saturday what he would do in the first 100 days of a Conservative government to end what he calls “frivolous spending.”
The Conservative leader said he would name former B.C. finance minister Kevin Falcon and Yves Desjardins-Siciliano, former chief executive of Via Rail, to head a commission to review what he calls corporate welfare.
The Tories are promising to cut $1.5 billion annually from federal subsidy programs to private-sector companies as part of their path towards balancing the budget in five years.
The commission would also recommend new performance measures for subsidies and review “innovation” programs to ensure the money targets domestic companies and sees benefits, profits and patents staying in Canada.