Ontario's Tories say the best way to jump start the economy is to cut taxes.

Which is why leader Tim Hudak says he thinks the province should do one of three things: cut the HST by two per cent, reduce income tax rates between 10 and 15 per cent or lower business taxes.

He says they will talk to the public, small business owners and academics in consultations.

Hudak says the move would cost the province around $5 billion, something he says would be made up by reducing the size of the public sector. He wouldn't say how many people would lose their jobs.

This comes from a PC white paper today, that says the Tories would reduce the provinces $13 billion deficit  before the Liberal-target of 2017-2018.

Premier Dalton McGuinty says he's disappointed the Tories want to cut taxes. He says he thinks Ontarians understand lowering taxes means people will get fired and services will get cut.

McGuinty underlines the Liberals are protecting services and freezing public sector pay.