Ontario's NDP

Ontario's NDP

September 25, 2007 09:33 ET

Hampton to Put Money Back in the Pockets of Hard-Working Families

SAULT STE. MARIE, ONTARIO--(Marketwire - Sept. 25, 2007) - Using several galvanized steel buckets full of pennies to illustrate the difference between the NDP's Health Tax Rebate of up to $450 per person and Dalton McGuinty's broken promise to not raise taxes "by one cent" during the 2003 leaders' debate, Ontario NDP Leader Howard Hampton talked about how his Fair Tax Plan will make life more affordable for working families. Sault Ste. Marie NDP Candidate Jeff Arbus welcomed Hampton's plan and described some of the difficulties families in the North are facing.

"As part of the NDP's balanced Fair Tax Plan, we are going to provide a health tax rebate of up to $450 per person and $900 per two-income family. It will put money back in the pockets of 75 per cent of working families while protecting health services. It will also bring back balance to Ontario's tax system," said Hampton.

The NDP will phase in the elimination of the unfair McGuinty Health Tax for 1.5 million workers earning under $48,000 and put $450 back into the pockets of individuals earning between $48,000 and $80,000. The NDP's health tax rebate is part of a Fair Tax Plan that gives families a much-needed break while protecting health care by making sure banks, insurance companies and the wealthiest individuals pay their fair share.

"The NDP's Health Tax Rebate restores the balance that was lost when Dalton McGuinty introduced his unfair Health Tax that hit families who can afford it the least. McGuinty's Health Tax increased personal income taxes for average families by 24 per cent - while those who make more than $200,000 pay only three per cent more. That's just not fair," said Hampton.

The NDP's commitment will mean more money for public services with a small increase in the General Corporate Tax rate from 14 to 14.5 per cent. It will end the McGuinty Liberal and Conservative Capital Tax giveaways to banks and insurance companies, a move that will help hard-hit manufacturers while at the same time ending the McGuinty tax giveaway to banks and insurance companies making record profits. It will also include a new provincial personal income tax bracket for individuals making $150,000 a year or more that is two per cent higher than the existing rate.

Contact Information

  • Media Inquiries:
    Ontario's NDP
    Jon Weier
    (416) 591-5455 x290
    Ontario's NDP
    Kaj Hasselriis
    (416) 591-5455 x271