Thursday February 21, 2008

Editorial Cartoon by Graeme MacKay, The Hamilton Spectator – Thursday February 21, 2008

Ottawa and Ontario bicker over next week’s budget

A bitter fight that has been simmering between the federal Tories and Ontario’s provincial Liberals turned into a war of words Tuesday.

Federal Finance Minister Jim Flaherty accused Premier Dalton McGuinty’s Liberals of showing a “lack of leadership and vision” by not giving tax breaks to businesses. Flaherty said that has hurt the province’s manufacturing sector.

“This isn’t an academic discussion. It makes a difference in job creation,” Flaherty said during a Toronto speech to the Canadian Federation of Independent Businesses (CFIB).

“If we don’t attract more investment in the province of Ontario, we’re going to have more job losses in the province.”

On CTV Newsnet’s Mike Duffy Live Tuesday evening Flaherty took direct aim at McGuinty.

“The only ideas he brings forward are Band-Aid solutions,” Flaherty said, adding, “He has got his fundamentals wrong.”

Flaherty said Ontario has to reduce its provincial tax rate on business to 10 per cent. Critics said Flaherty’s comments may indicate that Canada’s manufacturing sector won’t be getting much help in next week’s federal budget. (Source: CTV News) http://www.ctvnews.ca/flaherty-calls-on-ontario-to-cut-business-taxes-1.277588