A common refrain among political pundits has been that all of Ontario’s election platforms are unrealistic given a deteriorating economic outlook. Rather than bemoaning this alleged lack of realism, we should evaluate how each party’s platform would fare in a downturn. The NDP platform is built on the fiscal framework set out in the 2011 provincial budget. The Liberal and […]
Read moreIn response to a pretty moderate Ontario NDP platform, today’s lead Globe and Mail editorial goes off the rails on a crazy train: “disastrous,†“protectionism run amok,†“a fantasy,†“a radical platform that would move Ontario toward a command economy†and “dangerous provincialism.†It breathlessly reports that “Ms. Horwath did not rule out nationalization of the auto insurance industry†and […]
Read moreHugh Mackenzie of the CCPA has prepared a comprehensive comparison of the election platforms of the three major parties in Ontario’s election. It reveals an enormous fiscal “hole” in the Conservative platform, that will inevitably result in dramatic reductions in public spending if that party wins the October 6 election. The report, released yesterday, added up the value of the […]
Read moreToday’s Ottawa Citizen (page A15) features the following op-ed on Ontario corporate taxes. I have added links to references. I recently discussed this issue on TV Ontario: Corporate Taxes are Low Enough By Erin Weir, Ottawa Citizen, September 27, 2011 Corporate taxes are a major dividing line in Ontario’s election campaign. Liberals and Conservatives would slash the provincial general corporate […]
Read moreToday, the Ontario NDP presented its comprehensive platform costing, including all policies announced during the election campaign. A popular theme among commentators has been that platform costings are unrealistic given the deteriorating economic outlook. As Andrea Horwath noted, her platform includes significant contingency funds. It is also cautiously built on the fiscal framework set out in the 2011 provincial budget. […]
Read morePollsters tell us that Ontario’s New Democrats may double their seat total in next month’s provincial election. It’s also entirely conceivable that they could be part of a coalition government at Queen’s Park. But what’s actually in the party’s election platform? One central feature of the NDP’s proposals is to implement a tax credit for companies that hire new workers. The tax credits would be valued at […]
Read moreThis Ontario NDP fact check should warm the hearts of economists, accountants and math teachers everywhere: Are Liberals Smarter Than a 5th Grader? The Ontario Liberals put out a release with this erroneous secondary headline: “NDP K-12 plan amounts to just 0.0009% of total education budget.†To calculate this figure, they divided $20 million by the province’s 2011-12 education budget […]
Read moreAn Ontario election is slated for October 6, and the reigning Liberal Party will attempt to pull off a third consecutive majority government. In that vein, the Liberals have recently made a slew of campaign promises in the post-secondary education (PSE) sector. Notably, they’ve committed to reducing undergraduate tuition for “middle-class Ontario families” by 30 percent, amounting to “$1600 per student in […]
Read moreFurther to Jim’s excellent critique of the Ontario Conservative platform’s graphs, I am similarly struck by the Liberal platform’s lone graph. “Cutting Ontario’s Taxes on New Business Investment in Half†(page 25) purports to show that corporate tax cuts are required to get the province’s “Marginal Effective Tax Rate†below the US and OECD averages. It compares projections of those […]
Read moreThe Ontario election is in full swing, and the Conservative party’s campaign is guided by a platform booklet called the “changebook.â€Â It’s an audacious manifesto for significant change in the policy and the philosophy of government in the province, mapping out a long agenda of measures to cut taxes, balance the budget, privatize government assets and agencies, get tough on […]
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