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Monday, 25 May 2009
Frank Klees has a plan for creating opportunity for all Ontarians...
Frank Klees has rolled out some initial policy ideas through his website at http://www.frankklees.com Frank is committed to the PAC process and all ideas must be approved by the party grassroots before being included in the platform.
-Darryl
Ontario Needs An Economic Strategy
Ontario has been hemorrhaging jobs for the past year – we need an economic strategy to preserve and create jobs now.
Frank Klees advocated for the creation of a Select Committee of the Ontario Legislature that would have served as a basis for a plan to get the province into economic recovery. Premier McGuinty ignored Frank’s proposal and now the Premier is paying the price.
Not only has the government been unable to turn Ontario’s economy around, the government has embraced NDP-style tax and spend policies to spend our way out of recession and create jobs. The establishment of a non-partisan Select Committee last fall could have helped steer the Ontario economy out of the worst depths it is now experiencing.
Stop The HST
In a recession, the McGuinty government has mandated that more products and services should be taxed. With the implementation of the HST, the McGuinty government has demonstrated its addiction to taxing and spending. Unlike other provinces that implemented harmonized sales taxes, the McGuinty government is not reducing the provincial component. This punishes already-suffering industries such as the housing sector and the financial services sector. Ontarians don’t need any more deterrents from economic prosperity and job creation.
Reduce the HST’s Negative Side Effects
At a time when Ontario’s businesses don’t need anymore costs to do business, Ontario business will incur substantial costs to administer the HST. Once it’s implemented, the HST will be difficult to undo; however, the negative side-effects of the HST will still be felt. This is why Frank Klees proposes to reduce the HST to overturn the significant tax burden imposed by McGuinty.
Ontario Needs To Be Business-Friendly
Throughout the McGuinty government’s tenure, it has made life more difficult for the operation of a business. They have increased corporate taxes (making Ontario’s corporate tax rate among the highest in North America) – not to mention forcing businesses to pay a higher minimum wage in a time of economic crisis.
Frank Klees proposes to reduce business taxes and to create tax incentive zones to attract new industries and create jobs.
Let Business Lead The Way:
Tax Incentives For Manufacturing
Manufacturers in Ontario have not felt economic conditions like today since the early 1990s, if not the 1930s. To provide incentives for manufacturers to hire new staff, Frank Klees proposes a tax credit against corporate income tax to be paid. This means that if a manufacturer hires new employees, it will receive a tax credit for contributing positively to our economy. If the company is not profitable (and not paying income tax), the tax credit will be available to be carried forward until the company is profitable.
Youth Get Head Start
Following graduation from school, the toughest jobs for any student are finding secure, long-term employment and paying off debt. To encourage youth to pursue post-secondary education and help pay off educational debts, Frank Klees proposes a 4-year Ontario income tax holiday following graduation. For those who complete a university, college or registered trades program, they will not have to pay any income tax on income earned for four years after graduation.
Frank Klees has a plan for creating opportunity for all Ontarians. See Frank Klees’ website to learn more about his proposals for creating an economic recovery and opportunity for all.
