Ontario Liberals’ Cap-And-Trade Tax-Grab Makes Life More Unaffordable For Families
News from Ontario’s Opposition Conservative Party
Posted February 25th, 2016 on Niagara At Large
Queen’s Park, Toronto, Ontario – The Liberals’ cap-and-trade scheme puts a new tax on gasoline and home-heating that will make life more unaffordable for families across Ontario, Huron-Bruce MPP and PC Environment and Cap-and-Trade Critic Lisa Thompson said today.
“Climate change is a serious challenge that requires a credible plan that will effectively reduce greenhouse gas emissions while protecting Ontario taxpayers,” Thompson said.
“Unfortunately, the Liberal government has done the opposite. Kathleen Wynne’s cap-and-trade tax-grab will force Ontario families to pay more for home-heating and gasoline while providing no guarantees that the money will actually go toward cutting emissions.”
The Liberals say that cap-and-trade will increase gasoline costs by 4.3 cents a litre and natural gas costs by $60 a year. However, private-sector estimates show that the long-term cost impact on families will be much higher. Some analysts project gasoline costs will increase by $400 a year and natural gas costs will increase by $475 a year.
Kathleen Wynne now plans to raise $1.9 billion in new revenue from cap-and-trade, which is $600 million more than the Liberals claimed this scheme would cost in their fall economic statement.
“The Liberals’ cap-and-trade scheme is a tax-grab in the name of the environment – plain and simple,” Thompson said. “Ontarians expect their government to tackle climate change and effectively reduce emissions in a way that keeps home-heating and gasoline affordable.”
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I recognize the desperate need for taxes to operate a well functioning society as well as redistribute income to those who work hard but have no economic power to demand fair compensation for their labour. A fossil fuels tax is a good place to start. However let’s not allow the petroleum companies to use this as an excuse to raise already over inflated prices considering the well head price of oil these days.
However it appears voters are considered much easier to manipulate than oil companies for whom elections are always a win-win: Either voters re-elect a Liberal government or they revolt and elect a Conservative government in which case its business as usual.
A far larger problem is the super inflated price of housing condemning buyers to a life of poverty and those unable to anti in to a life of renter servitude to property owners.
Why not dust off the drawings from the War Time Housing projects and flood the market with affordable housing, then tax real estate profits at 100%? But then that would require a real revolution where people die.
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