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McGuinty’s Tax and Spend Budget Oblivious to Economic Slowdown

The National Citizens Coalition (NCC) today responded to the 2008 Ontario budget with great concern over a tax and spend policy that will do nothing to help this province in the face of hard economic times.

“This is nothing more than a have money – will spend budget,” said NCC president Peter Coleman.  “The Liberals have presented a budget that echoes the tax high and spend big policies of the Bob Rae government.  There is no acknowledgment of the significant difficulties the economy is facing, no investment in the struggling manufacturing sector, and no incentive for businesses to stay or invest in the province. Ontario’s ‘have’ status is quickly deteriorating to ‘have not’ under the McGuinty Liberals.”

Yesterday’s budget speech demonstrates that Ontario’s government is quickly becoming the provinces number one employment agency.  The 2008 budget projects 230,000 new jobs in the province over the next two years, but 80% of the jobs created will be in the public service.   At the same time, the private sector has seen a net loss of 26,600 jobs since the beginning of 2008.

“Ontario faces some very unique challenges with a high dollar, soaring oil prices, and thousands of manufacturing jobs being eliminated” said Coleman. “Creating a positive business environment that will attract new manufacturing jobs to the province, and keep the existing ones here would have been far more effective in softening the blow of an economic slowdown”

“The National Citizens Coalition will continue to advocate on behalf of the hard working Ontario taxpayer by putting pressure on the McGuinty government to ensure that economic growth and private sector job creation once again become priorities in this province,” concluded Coleman.


Comments

D Mamon says:

Amen Brother

submitted on March 26th, 2008 at 1:39 pm

Warren says:

I’m constantly amazed to hear and read the “I know better” apologists for McGuinty & Duncan as they rail against Flaherty et al for the latter’s pointed, public commentary regarding Ontario’s destructive business tax rates. These talking heads decrie the “bullying” of the federal Conservatives and voice their fears that Flaherty’s remarks will disuade industrialists from investing in Ontario’s manufacturing sector.

Is it naivete or just political opposition that drives their rhetoric? Do they really believe that any existing manufacturer considering expansion or any potential, new investor is not already fully cognizant of the economic negatives presented by Ontario’s current business tax structure and its incumbent government’s tax-and-spend philosophy? (Shhh. Don’t say anything. Maybe these investors won’t notice.)

submitted on March 26th, 2008 at 2:57 pm

Douglas Wilson says:

We went through the exercise of a provincial election recently. John Tory blew that one by stubornly clinging to the faith based school issue. We now have exactly what we deserve another five years of McGuinty and company to drive this once prosperous province into the grund. Way to go people!

submitted on March 26th, 2008 at 2:59 pm

Frank Gue says:

Peter, the big thing missing from Duncan’s budget
is an EMPHASIS ON INNOVATION.

Name ONE firm more than RIM that has originated
in Ontario and become a world-class, multi-
billion-dollar manufacturing firm in the last
10 years.

You can’t, can you?

Political parties, unhappily, have a horizon
that extends out to the next election, no
farther. Innovation requires long range
thinking.

Having spent a career in innovation (I
hold patents and Westinghouse holds
some I developed while working for them)
I can tell you the horizon has to be
a decade or more.

I’ll either stop here or go on for 185
pages, so I’ll stop here.

Frank Gue, B.Sc., MBA, P.Eng.
905 634 9538
Burlington.

submitted on March 26th, 2008 at 3:56 pm

Erwin Butikofer says:

So 80% of “new” jobs in Ontario will be created in the “public” service. Do the lying Liberals hope that 184,000 “new” votes will carry them in the next election? This reminds me of the federal Liberals hiring 10,000 laid off Nortel employees and after many years, not a few, but hundreds without a job description. (We try to find them something to do). I can’t wait for “Michael” McGuinty and his circle of cherubs exhorting to all that more government vill make the few real workers left, more productive and happy.

submitted on March 26th, 2008 at 11:59 pm

Mike van Lammeren says:

The most important thing we can do now is get rid of John Tory. He is a Liberal in all but his last name. A true conservative like Flaherty would have smoked McGuinty in the last election, and probably the one before. But we didn’t get Flaherty, mainly because the delegate system picked Eves then Tory, and each was pinker than the last. Maybe someone can talk Mike Harris into coming out of retirement!

submitted on March 27th, 2008 at 1:23 am

John Vranch says:

“Tax and Spend” is what governments at all levels do, so let’s retire that phrase as a critical label.
It is easy to say that a government should be doing something, but for every such request, the requester should be obliged to state where the money will come from. It will have to be either more taxes or less of something we already are spending on. Be specific.
Do you think transferring billions of dollars out of Ontario to other provinces might be having some effect on the competitiveness of our province?

submitted on March 27th, 2008 at 10:33 am

Dave S. says:

Now that McGinty has a new 4 year mandate his strategy is clear - continue to tax heavily and spend like a drunken sailor! It also appears that his strategy is to blame Ontario’s economic woes on Harper/Flaherty. (ie economic policies that are too Western Canada friendly).

Haven’t heard much said about it - but the first solvo that I heard fired in the Flaherty/McGinty exchanges was originally from McGinty when at some speach he accused Flaherty of being too fixated on tax reduction & the western natural resource industry etc. In typical media fashion, Flaherty is now getting the rap for attacking Ontario because of his responses. Does anyone have the facts on McGinty’s early role in this exchange? I suspect Flaherty is trying to pre-empt a pending fed bashing strategy by McGinty.

submitted on March 27th, 2008 at 10:36 am

Dave S. says:

At following website is excellent review of McGinty’s tax & spend budget from kevin Gaudet - Director of Canadian Taxpayer’s Federation.

http://www.nationalpost.com/todays_paper/story.html?id=402194

Note - spending will climb by $2.7 billion next year in contrast to token tax cuts of $0.142 billion. Moreover, McGinty Government has expanded Ontario taxpayer supported debt from $148.7 billion to $167.7billion!! This is an outrage!

submitted on March 27th, 2008 at 12:26 pm

Helen Sikora says:

How come nobody got this one? Those 250,000 jobs McGuinty is going to create in Ontario are all going to be for Francophones, many from Quebec, to staff the very much expanded French services for the French in Ontario. Most of Ontario’s cities and some counties have now been designated bilingual. Pay-back time for French votes but is it not generous for only some 500,000 French and not all of them voters. What portion of the Ontario population is that? Some democracy!

H. Sikora

submitted on April 15th, 2008 at 9:43 pm

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