TORONTO, ON: The Canadian Taxpayers Federation (CTF) is slamming tax-on-tax at the pumps, and warning against the threat of rising carbon taxes in Ontario and across the country. The cost of the Ontario carbon tax was highlighted as part of the CTF’s 19th annual Gas Tax Honesty Day, with press conferences held across the country.
There are lessons to learn from British Columbia’s carbon tax, and the biggest one is for the leader of Ontario’s official Opposition,
The lesson is a simple one. Revenue neutrality doesn’t happen.
Politicians sold a carbon tax to British Columbians on the promise of revenue neutrality – the idea that the overall tax burden on the public remains the same because the carbon tax is offset by tax reductions in other areas.
But a recent study by the Fraser Institute has found that British Columbians are on track to experience a $599 million net tax hike from 2013–14 to 2016–17 as a result of a carbon tax that politicians sold to them as “revenue neutral.”
The biggest problem with revenue neutrality is that politicians get greedy.
When B.C.’s carbon tax was first implemented in 2008–09, the government enacted four offsetting tax measures. These included reductions for income tax for the lowest tax brackets, tax reductions for large and small businesses, and a tax credit for low-income households. These were all new tax reductions designed to offset the increases caused by the carbon tax.
But give a politician an inch and they’ll take a mile.
TORONTO, ON: The Canadian Taxpayers Federation (CTF) is slamming the government’s plan to extend the cost of the global adjustment over 30 years as failing to address the root causes of the province’s electricity crisis.
TORONTO, ON: The Canadian Taxpayers Federation (CTF) is calling on the Ontario government to halt subsidies for electric vehicles. The call follows revelations that a senior political staffer for Environment Minister Glenn Murray received a job with Tesla shortly after Tesla successfully lobbied for a 367 per cent increase to the taxpayer subsidy on their cars. (Photo: Telsa Headquarters, Sunnyvale, California: Credit Windell Oskay/Wikipedia/Creative Commons)
TORONTO, ON: The Canadian Taxpayers Federation (CTF) commissioned an Ontario-wide poll with Nanos Research and is today releasing the results. The Nanos poll of 500 Ontarians, conducted from February 3rd-7thfound that across Ontario, over 50.5 per cent of those polled “oppose” cap and trade, and 10 per cent are “somewhat opposed,” for an overall opposition of 60.5 per cent. In contrast, 21.1 per cent “support” and 14.7 “somewhat support” cap and trade, for an overall support of 35.8 per cent.
The results also found that 67.7 per cent of Ontarians believe cap and trade will cost them more than the government’s claim of $13 per month.
TORONTO, ON: The Canadian Taxpayers Federation (CTF) is warning the Ontario government against politically motivated meddling in the electricity sector. Reports from multiple government sources indicate that the Ontario government is considering changing how the global adjustment is calculated, so that the cost is spread out more gradually over the coming years.
The same reports also indicate that the government is considering reforming programs that subsidize low income hydro consumers, so that the subsidies are provided by the tax base rather than by other hydro consumers.
TORONTO, ON: The Canadian Taxpayers Federation (CTF) is reminding Ontarians that tomorrow, on January 1, 2017, Ontario’s new cap and trade carbon tax comes into effect. The tax is being applied to all businesses and natural gas distributors with emissions of 25,000 tonnes or more, it will be applied to fuel suppliers that sell more than 200 litres of fuel per year, and it will be applied to electricity importers.
The Ontario government’s cap and trade scheme is already a failure, and it hasn’t even started yet.
On Wednesday November 30, the Auditor General released her annual report, in which she slammed the Ontario government’s cap and trade tax, which is set to take effect January 1st.
The Auditor General zeroed in on a series of major flaws with cap and trade – the premier’s showpiece legislation. She highlighted the policy’s inability to achieve emission reduction targets, that cap and trade would send billions out of the province, and that there is a total lack of transparency.
This column was published in in the Financial Post.
For a time it was fashionable to buy a star in the sky and name it after a love interest, a new baby or a recently deceased loved one. Could anything be more romantic or more sentimental?
It turns out that the companies that take money from consumers for “naming stars” are the only ones who actually recognize the name. The practice is considered by many to be a kind of scam that profits off of the idealism of consumers. Money for a star name is just money for nothing.