Why Tax Cuts Are the Worst Possible Fiscal Stimulus
Tax cuts are the worst possible economic stimulus with Bank of Canada interest rates heading to zero, and may well have a negative effect on the economy, says a report released today by the Canadian Centre for Policy Alternatives (CCPA).
Tagged with: Budget • CCPA • EconomicsLater this month, the Ontario government will table what is expected to be a stimulus budget designed to ward off the worst of the recession. They could achieve both of these goals by ensuring Ontarians who still have a job can earn a ticket out of the ranks of the working poor.
Tagged with: Budget • Workers RightsRecognizing the need to better protect Ontario’s most vulnerable workers, Premier Dalton McGuinty’s government has promised $10 million to hire new inspectors to enforce the Employment Standards Act. That commitment was made barely three months ago as part of Ontario’s Poverty Reduction Strategy. Toronto Star, Mar. 10
Tagged with: Budget • Workers RightsIn a luncheon speech on Tuesday, provincial Finance Minister Dwight Duncan gave Ontarians an advance look at his March 26 budget by revealing the projected deficit – $18 billion over two years.
Tagged with: BudgetJudging by the positive reactions of Premier Dalton McGuinty and Finance Minister Dwight Duncan, Ontario did extremely well by the federal budget. They applauded the fact that Ontario will receive – by some accounts – $17 billion in federal economic stimulus from a national pot of $40 billion.
Tagged with: Budget