Tuesday, April 24, 2012

Tax the rich - Bozone layer

"Ontario Budget: McGuinty agrees to Horwath’s tax-the-rich scheme":
"Premier Dalton McGuinty has agreed to NDP Leader Andrea Horwath’s “tax-the-rich” scheme in order to ensure the minority Liberals’ budget passes Tuesday, averting a snap election call.

McGuinty emerged Monday afternoon from a 30-minute closed-door meeting with Horwath — his second in as many days — to announce he had made significant compromises to win her backing.

“They wanted a tax on the rich, I wanted to pay down our deficit faster,” the premier told a packed news conference.

“We all gave a little bit,” he said, referring to the new “NDP surtax” on people earning more than $500,000 a year.

Horwath told reporters after McGuinty’s news conference that “our caucus does not intend to defeat the government. We will not be plunging this province into an election.”

She won a huge victory by convincing the Liberals to impose the 2 per cent surtax on 23,000 high-income earners that would raise $470 million in 2013-14 with all proceeds going toward paying down the $15.2 billion deficit.

The tax — which would cost someone making $600,000 an extra $3,120 annually — will be in place until Ontario balances the budget, now scheduled for 2017-18.

. . .

Horwath’s proposal is popular with Ontarians — a Forum poll last week suggested 78 per cent support with only 17 per cent opposition — and many Grit MPPs urged McGuinty to adopt the levy.

But last week the premier expressed reservations in part because he still bears scars from raising taxes after the 2003 and 2007 elections despite promising not to do so.

At the Liberals’ caucus meeting last Tuesday, MPPs and cabinet ministers spoke overwhelmingly in favour of making the concession to Horwath — to McGuinty’s chagrin.

On Monday, Grit MPPs confided that they hoped the premier would cede to their wishes."
Full congratulations to Andrea Horwath and the Ontario NDP - acting, in obvious contrast to the federal NDP, like a real socialist party - for fighting the good fight and winning. McGuinty did his party no favors by treating the request for this e-x-t-r-e-m-e-l-y popular tax as if he was having his fingernails slowly pulled out.

More sanity in Canada:  "Alberta  election: PCs steamroll past Wildrose Party".  The ultra-ultra-ultra right tired to run a pure libertarian party in Alberta, led by a Sarah Palin clone (the whole exercise smacks of American political consultants and I'm sure the bus boobs issue wasn't a mistake).  Despite the assurances of the lying mainstream media that this would be a slam dunk win, the libertarians didn't do well at all (the 'bozone layer').  As stupid as the Conservatives have been over the decades - squandering the massive natural wealth of Alberta so they could hand almost all of it over to the ultra rich, while permanently wrecking the ecology of the province - the people of Alberta aren't so dumb that they would vote for an even nuttier bunch of crooks.
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