Doug Ford has released his Fall Economic Statement, outlining his economic agenda for his government, and it’s filled with giveaways for the very rich — and big cuts for everyone else.

Here’s what’s in Ford’s economic agenda:

Give a tax handout to the richest few

Ford is giving a big tax giveaway to the richest 1%, even though incomes for Ontario’s richest continue to rise significantly faster than everyone else’s.

This will cost the public around $275 million in revenue each year.

And how will the Ford government pay for this handout to the rich? Cuts to public services, like…

Scrapping Ontario’s Advocate for Children and Youth

The role helped protect children from being abused in Ontario’s foster care system.

Cancelling the construction of a new university

Ford is cancelling the construction of a new university that would have been Ontario’s first French-language university.

Slashing protections for the environment

Ford’s promised to end the position of the Environmental Commissioner of Ontario, a position designed to ensure:

the government creates and upholds legislation and policy that better protects the environment, reduces the use or makes more efficient use of energy, and reduces emissions of greenhouse gases.

Making housing more expensive by ending rent control

Rent is at record highs across Ontario, but the Ford government thinks it’s a good idea to end rent control on new units — meaning anyone moving into a new apartment could face unlimited rent hikes at any time. By ending rent control on new units, Ford is redistributing wealth from renters to rich landlords.

During the election campaign, Ford promised not to touch rent control. Add that to another one of his broken promises!

Cutting wages for low-income workers

Instead of raising Ontario’s minimum wage to $15, Ford is cutting taxes for low-income workers. But don’t be fooled – according to the CCPA, Ford’s plan will mean workers incomes will drop.  Here’s the explanation from the CCPA:

We looked at the most recent Canada Revenue Agency (CRA) data from 2015 and we found that 4.9 million Ontarians who had a total income of less than $30,000 per year filed taxes.

Two-thirds of those (3.2 million people) paid no income tax, due to a combination of existing tax deductions and tax credits. For those low-income Ontarians, the promise of no taxes offers nothing new.

The 34 per cent of Ontarians with incomes less than $30,000 who paid tax had an average provincial income tax bill of $485 in 2015.

The average Ontario tax rate for those with incomes below $30,000 a year was 0.9 per cent of their total income.

So is a $485 tax cut better than increasing the minimum wage from $14 to $15 an hour? The simple answer is: no.

Assuming Ontario minimum wage earners work 37.5 hours per week

Doug Ford’s economic agenda is simple: make the rich richer on the backs of everyone else.

It’s not unexpected, but it is going to be deeply damaging to Ontario.

 


Add your name if you oppose Doug Ford’s cuts