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Hudak promises 120,000 new jobs with 30% cut to corporate taxes

Part of PC's million jobs plan

Progressive Conservative Leader Tim Hudak says he would create 120,000 new jobs in Ontario by making the province the lowest business tax jurisdiction in North America.

Hudak says reducing corporate taxes by 30 per cent is one step of his eight-year plan to create one million new jobs in the province.

To pay for the plan, Hudak says he will replace grants to businesses, which he is calling "corporate welfare," with the corporate tax reduction.

He says those programs favour "well-connected" businesses and cost taxpayers up to $2 billion per year.

Hudak says his initiative will send a "signal fire" across the world to encourage new investment in Ontario.

His announcement Saturday comes a day after he pledged to cut 100,000 public sector jobs as a way to help eliminate the $12.5-billion deficit by 2016.

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  1. tanjo posted on 05/10/2014 04:05 PM
    Although this would be good for Company Owners and their Investors (of which I am one), I am not sure that a 30% across the board tax cut is enough to attact a company to move to Ontario in sufficient quantities to generate 120,000 jobs. Hopefully, he can provide some supporting facts for this number.

    Anyway assuming his numbers are accurate, he is currently at -180,000 jobs: 120,000 new jobs from the tax cut, less 100,000 job seekers from public sector, less 200,000 new apprentices competing for the same job pool.

    1,180,000 jobs to go to reach his one million jobs goal.
    1. Sonny posted on 05/10/2014 04:34 PM
      @tanjo You are a sucker if you think gov'ts create jobs, jobs, jobs!
    2. tanjo posted on 05/10/2014 06:28 PM
      @Sonny I didn't say I believed it. I was simply making a calculation based on the assumption that the number is true.
  2. Akram Shah posted on 05/10/2014 04:12 PM
    "Elect Me", "Vote for me" I dont have any policy. I dont have any plan. I will "Promise" what ever you want after all Mcguinty promised and didnt deliver yet remained "Premier" for 12 odd years
  3. Alex posted on 05/10/2014 04:39 PM
    Ontario will be so much farther ahead if business cuts taxes and business owners can purchase 20 million dollar cottages instead of the 10 million dollar shacks.
    1. Sonny posted on 05/10/2014 04:46 PM
      @Alex Sarcasm. It's the money that is going to the top 1% OR 0.1%...
  4. Alex posted on 05/10/2014 04:51 PM
    Tim Hudak is in favour of advancing the working poor job market.
    One million working poor jobs at a time.
  5. Alex posted on 05/10/2014 04:56 PM
    All one has to do is check the Walton family of Walmart fame as a measuring stick of just how much the wealthy 'give back'.

    EACH heir of Sam Walton now have over 20 billion dollars (which makes them the richest family in the world) yet these greed mongers will close a store (claiming it unprofitable) rather than give a raise so working families can feed their families.
    1. David posted on 05/10/2014 05:48 PM
      @Alex Alex- how has the liberal job creation plan been working recently? Please don't count the thousands of jobs in the public sector that the liberals are famous for. Liberal policies are destroying this province. You like to criticize Hudak and take shots at the rich, but what exactly would you do? Governments don't create private sector jobs but can help by offering a business friendly environment. What is your issue with business owners? If someone risks their money and builds a successful business, don't they deserve the rewards that come with it? That is the problem with this province, success is now a dirty word. Congratulations to all that have taken nothing and built it into something to be proud of.
    2. tanjo posted on 05/10/2014 06:39 PM
      @David Business owners do deserve the rewards that come with building a successful business. If this discussion was about putting more money into the pockets of business owners, you would be absolutely correct.

      The question is whether or not this will generate 120,000 jobs as Hudak claims it will.
    3. David posted on 05/10/2014 07:03 PM
      @tanjo Obviously, neither of us knows if it will or not. What I do like to see however is a politician that is at least talking about creating jobs. I don't buy into Wynnes plan of grants and give aways. Create a positive atmosphere to help small, medium and large companies to grow and let business take care of itself. It is becoming obvious, that Ontario is currently not the place to set up your business or move your business to.
    4. Alex posted on 05/10/2014 08:45 PM
      @David Can't working families share in the success too?
      that's the problem. It's called greed and the more the rich business owners have the more they want.
    5. Alex posted on 05/10/2014 08:50 PM
      @David "...Obviously, neither of us knows if it will or not. What I do like to see however is a politician that is at least talking about creating jobs"~David

      So why is Tim Hudak making these claims if it isn't reliable?
      I'll tell you why. He is doing the same exaggerated speech to try and grab headlines just like Rob Ford ( the king of liars) does.
    6. David posted on 05/10/2014 09:19 PM
      @Alex Don't you just hate those rich business owners? You know, the ones that create jobs by taking all the risks. I work for a company in the private sector and share in their success. Don't worry though, one more election win by the current government and all jobs will be government jobs.

      Why is Hudak making these claims if it isn't reliable? Because there politicians, that's why. Unlike you, I'm not blindly loyal to ANY political party. My vote will go to the party that I feel will do the best job at the time. The liberal party is corrupt and has stolen the taxpayers money. For that reason alone they should end up behind the Green Party in this current election. I don't care if anyone votes PC, NDP or Green, just not the liberals (THE REAL KING OF LIARS) who have abused this province. Blindly supporting political parties is dangerous. You seem unhappy with Ford's lies (a man who obviously has issues), but look the other way when the liberals do the same.
    7. Alex posted on 05/10/2014 10:25 PM
      @David I love rich business owners who create good jobs.
      You love rich business owners who take advantage of the good working Canadians who help them get rich.
    8. David posted on 05/10/2014 10:43 PM
      @Alex Looks like we've made some progress as it is nice to hear that you don't paint all businesses with the same brush. Not quite sure where I said that I support companies that take advantage of good working Canadians however. Like in most areas of life, there is good and bad. You deal with it as best you can.
    9. Alex posted on 05/11/2014 04:49 AM
      @David The Waltons of Walmart fame are a perfect example of 'business gone wild'. There are no worse business people who would sell out their country, their community, possibly their own mother for the dollar.
      The sad fact is that other business owners look up to these people and their business model.
  6. Ernie posted on 05/10/2014 07:57 PM
    In order to create 2 million jobs over the next 8 years we will need to go back to a 65 cent dollar..which I am totally in favour of.

    But Hudak cannot control this as premier - unless he can convince Harper to put pressure on the bank of Canada to lower interest rates or turn on the printing presses and print money. Truth is that Harper is an idiot when it comes to economics.

    One way to lower the dollar is to let Horvath win a majority. Investers would be so scared of what the future would hold for business, that the dollar would drop to 65 cents within 4 months after shes elected - which is actually good for business and jobs. Kind of like Rene Levesques election in Quebec in the 1970 when the dollar dropped then as well.
    1. Alex posted on 05/10/2014 08:55 PM
      @Ernie Maybe if things go right the Canadian dollar can be on par with the Mexican peso.
      Look how good things are there!
  7. LM posted on 05/11/2014 09:09 AM
    Hudak has some great ideas!
    Getting rid of the LHINS is a start; It is top heavy with bureacrats making huge salaries.
    Putting $$$ into " hands on care" is the way to go!
  8. earl posted on 05/11/2014 10:11 AM
    Best idea yet. Wynne/Liberals picking Wynners and losers with corporate handouts does no good.
    While a woman dies from no cancer medicine that is free in Saskatchewan Wynne hands over hundred grand to a bakery? Liberal priorities eh? They'll take care of you all right!
    The 100,000 public sector job cuts are simple: boomers are about to retire and Tim knows that. Simply don't replace them. Solved. And they aren't seeking work because they have fat cat union pensions. The same pensions which most benefit from the corporate tax cuts that benefit the underlying investments of those same pensions. Its time to make a strong environment for business. All who work benefit. Not just winners and losers picked by Queens Park.
  9. Walter posted on 05/11/2014 12:36 PM
    Last election, Hudak stayed quiet and didn't really stand for anything. This time the Liberals moved farther left - opening up the entire political spectrum to the PC's.
    I would say that the Liberals and NDP are campaigning at about 2.5 or 3 on the political spectrum - and Hudak is campaigning at 8 or 9.

    Could he not just have had a 10% corporate tax cut?
    Could he not have had 50,000 private sector job cuts?

    He still could have said that things were worse than he thought when he got in and adjusted his plans.
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