Five ways the Liberals are ‘messing with’ Ontario’s economy

(Or, five more reasons why this government should go)
Scott Stinson, National Post, April 28, 2014
Kathleen Wynne has spoken repeatedly in the past month about how her Liberals are the only party to be trusted with the fortunes of a province that is still unsteady on its economic feet.

Ontario, the Premier has said, needs her “safe hands” to guide it through its recovery, not those “reckless schemes” of the two parties in opposition.

Other Liberals have picked up the thread. In blasting the NDP for its demand of increased corporate tax rates, Transportation Minister Glen Murray last week said the province, “is emerging from the global recession. However, our recovery remains fragile.”

Add a couple of seafaring metaphors about troubled seas, and the comments were perfectly in line with what the federal Conservatives were touting in the 2011 election: now isn’t the time to mess about with our delicate economic recovery.

Except there is a key difference: the Ontario Liberals are furiously messing with the economy.

On Thursday, after the federal Tories announced plans to tinker with public pensions, Ontario Finance Minister Charles Sousa all but rolled his eyes at the proposal and insisted that the province will forge ahead with an Ontario-only enhancement to the Canada Pension Plan. It is fair to say a debate remains over whether a CPP top up is needed, and if so whether a mandatory plan as envisioned for Ontario is the solution. But there is little such debate in the business community.

“It’s going to have a devastating impact,” Nicole Troster, senior policy analyst with the Canadian Federation of Business, said in an interview. Among the key concerns for the CFIB, Ms. Troster said, is that mandatory pension contributions are essentially a profit-insensitive tax. Even struggling businesses would be hit with a new, additional cost. Other business groups have lined up to express concern over the Liberal proposal: the Ontario Chamber of Commerce, the Certified General Accountants of Ontario, the Canadian Chamber of Commerce, among others.

Read the full story here.

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