LAYING THE FOUNDATION FOR A STRONGER ONTARIO
This is a time of great challenge for Ontarians.
I don’t think there is any community, or perhaps
even any Ontario family, that has not in some way been hurt by
this global recession.
Getting out of this and growing stronger is going
to take change.
Doing nothing is not an option. There’s only one
option, and that is to move forward.
We need to do what it takes to protect our jobs,
create new jobs and make sure there are good jobs for future generations.
We need to do what it takes to build a stronger,
more competitive economy that supports a caring society.
To build for the future, we must lay the foundation
today.
The McGuinty government has just finished one of
our busiest legislative sessions ever, where we worked to lay
that foundation.
We’ve passed our Green Energy Act, which will create
some 50,000 Green jobs.
We’ve passed our Poverty Reduction Act, which will
require governments to take measurable steps to reduce poverty.
And we passed our Budget.
The Budget moves Ontario from an inefficient “two
tax” system to a modern, single sales tax.
It will help level the playing field for business
by lowering business costs and making manufacturers more competitive.
And it will help businesses grow stronger by cutting
business taxes.
This means more money to invest, to hire more Ontarians,
and to pass on as savings to customers
Now, for some people, for some items, the price
will go up at the cash register.
To help them adjust, we’re exempting items that
are especially important to families like children’s clothing,
car seats, diapers and books.
Ninety-three percent of Ontarians will get a permanent
tax cut, and families will receive a one-time payment of $1,000
to help with the adjustment.
And finally, for our low-income families, we have a new sales
tax credit.
The overwhelming majority of our families will come
out ahead because of all the tax changes we are making.
On the other hand, our new package of tax reforms
costs the Ontario government $2.3 billion over the next four years.
It is not going to be easy, but there really is
no easy way out of this global economic crisis.
But these tax reforms are absolutely essential to
build a stronger economy that creates more jobs.
That’s why we’re moving forward with these changes
now, to build opportunity for all Ontarians, and a better future
for our kids.
For further information, please contact the Constituency
Office of Mike Brown, MPP, Algoma-Manitoulin, at 1-800-831-1899
or mbrown.mpp.co@liberal.ola.org