Dalton McGuinty's smoke and mirrors economics



    TORONTO, Sept. 17 /CNW/ - According to the Ontario Liberals if you look
at Dalton McGuinty's broken promise, so-called "health" tax at just the right
angle and if the light shines on it in just the right way then it might not be
the single largest tax hike in Ontario history. So reports Ian Urquhart in
today's Toronto Star.
    Except that it is.
    The claim is that previous tax hikes in 1981 and 1992 were bigger than
Dalton McGuinty's broken promise, so-called "health" tax.
    Here are the facts as calculated based on the numbers reported in Ian
Urquhart's column:

    
    -   In its first full year in existence, Dalton McGuinty's broken
        promise, so-called "health" tax filled Dalton McGuinty's pockets with
        $2.35 billion.

    -   The tax hike in 1981 increased government revenues by only
        $634 million. Adjusted for inflation, it raised $1.34 billion for the
        provincial government - just a fraction of what Dalton McGuinty raked
        in with his broken promise, so-called "health" tax.

    -   In 1992, government revenues were increased by $2.05 billion, or
        $2.55 billion adjusted for inflation. But, as Ian Urquhart points
        out, Bob Rae needed a personal income tax rate and "some new
        surtaxes" to just edge out what Dalton McGuinty accomplished with the
        introduction of just one new tax.
    

    The fact is Dalton McGuinty's broken promise, so-called "health" tax is
not just the single largest tax hike in Ontario's history it is also the
single greatest broken promise in Ontario's history.




For further information:

For further information: Mike Van Soelen, (647) 722-1760

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