Ottawa - Jun. 7, 2011 - Guy Lauzon, Member of Parliament for Stormont-Dundas-South Glengarry, is applauding the next phase of Canada’s Economic Action Plan, saying it will have positive benefits for Ontario families, seniors and job-creating businesses.
“Canada is weathering the global recession in a stronger position than nearly all major economies, with nearly 540,000 new jobs created since July 2009. But the global economy is still fragile, we need to stay focused on the economy,” said Lauzon
The Opposition’s high-tax agenda would increase taxes on job-creating businesses to pay for billions and billions in reckless spending and bloated government programs in Ottawa.
“As we try to fully recover from the global recession, massive new Opposition tax hikes would stall Canada’s recovery, kill jobs, and increase the cost of living for families and seniors,” said Lauzon.
The next phase of our Conservative Government’s Plan keeps taxes low to promote jobs and economic growth, while supporting Ontario families and seniors. It includes:
Supporting Job Creation: a new Hiring Credit for Small Business to support local job growth, supporting Ontario’s manufacturing sector by extending tax relief for investments in new equipment and machinery, an expanded work sharing program, and major new investments to help the agriculture, forestry and mining sectors grow.
Strengthening our Families and Communities: up to $5,000 grants for Ontario families to make their homes more energy efficient; up to $840 in new annual financial support for needy Ontario seniors; a new Family Caregivers Tax Credit, a new Children’s Arts Tax Credit; loan forgiveness to attract doctors and nurses to rural Ontario; a new $3,000 volunteer firefighters’ tax credit; and the waiving of license renewal fees for hunters and firearm owners.
Investing in the economy of tomorrow: increased support for research and technology, improved federal student loans program for Ontario students, and more.
Preserving Canada’s Fiscal Advantage: keeping Canada on track for balanced budgets by eliminating ineffective spending; limiting spending growth; and closing unfair tax loopholes.
Further, under the Conservative Government in 2011-12, Ontario will see record high major federal transfers totaling $17.4 billion – an increase of nearly $7 billion from the former Liberal government. What’s more, Ontario will see growing transfer support for health care ($10.7 billion – a nearly 40% jump from the Liberals) and social services (over $4.4 billion – a 40% jump over the Liberals).
“This increased support will help hospitals, schools, and other critical services in the province,” said Lauzon. “While the former Liberal government radically and recklessly slashed transfers to our home province, our Conservative Government continues to ensure Ontario has record support to provide the healthcare, education and other important services families depend on.”
Additionally, the Next Phase of Canada`s Economic Action Plan follows through on our Government`s campaign commitment to phase out per-vote subsidies for political parties. The Government will introduce legislation to gradually reduce the $2.04 per year per-vote subsidy in $0.51 increments starting April 1, 2012, until it is completely eliminated by 2015-2016. This will generate savings ramping up to $30 million by 2015-2016.
“Governments have a duty to use taxpayers’ dollars wisely, and only in the public interest,” said Lauzon, “which is why I am thrilled to see our Government standing up for taxpayers and eliminating the per-vote subsidies for political parties.”
The next phase of Canada’s Economic Action Plan will also provide important support to Stormont-Dundas-South Glengarry municipalities and communities, by providing $20 million over two years to extend the Eastern Ontario Development Program. Further, our Plan will legislate a permanent investment of $2 billion in municipal infrastructure through the Gas Tax Fund, providing certainty to the municipalities of SD & SG.