NEWS:

TORONTO – Today, Ontario PC Leader Tim Hudak met with industry leaders to discuss how an Ontario PC Government will make Ontario a national leader in private sector job creation once again.

Changebook’s job commitments:

• Reducing the business tax burden to 10%.
• Treating energy policy as an economic policy, and ending the expensive energy experiments that drive up hydro bills.
• Unplugging Dalton McGuinty’s smart meter tax machines and allowing small businesses to decide if ‘Time of Use’ pricing is right for them.
• Eliminating job-killing red-tape and reducing the regulatory burden by 30%.
• Putting more money in the hands of consumers by removing the HST from hydro and home heating bills, eliminating the debt retirement charge, and reducing income taxes.

Under Dalton McGuinty, Ontario has lost 300,000 manufacturing jobs and fallen into ‘have-not’ status. In addition to his record sales, income, and corporate tax increases, Dalton McGuinty has presided over eight separate hydro rate increases, and allowed a red tape burden to spiral out of control – costing Ontario business $11 billion per year.

QUOTES:

“While the entire world was hit with a global recession, Ontario fell faster, further, and harder than any other province. And despite Dalton McGuinty’s promises, Ontario families have been hit with countless tax hikes and skyrocketing hydro bills.
-Tim Hudak, Ontario PC Leader

“On October 6, families will have a clear choice. Dalton McGuinty and the NDP, who will raise taxes, increase red tape, and create more roadblocks to job creation. Or a Tim Hudak government that will focus on making Ontario the leader in private sector job creation by cutting red tape, lowering business taxes, and treating energy policy like economic policy.”
-Tim Hudak, Ontario PC Leader

QUICK FACTS:

• Under Dalton McGuinty, Ontario has lost 300,000 manufacturing jobs, and Ontario’s unemployment rate has been above the national average for 55 straight months.
• One of Dalton McGuinty’s first acts as Premier was to hike the corporate income tax rate and kill jobs. In 2003, McGuinty raised the general corporate tax rate to 14% from 12.5% and the manufacturing tax rate to 12% from 11%.
• After eight years of expensive energy experiments such as the $7 billion Samsung deal and out of touch FIT program, commercial hydro costs are set to increase anywhere from 47 percent to 64 percent from 2010 level by early 2015 (according to the Canadian Manufacturers and Exporters).