February 19th, 2020

Ford’s tax breaks are benefiting the top 20 per cent, not families struggling to pay bills

QUEEN’S PARK — Sandy Shaw, NDP critic for Finance and Treasury Board, released the following statement, in response to findings from today’s Financial Accountability Office (FAO) of Ontario’s report:

“Today’s FAO report shows Doug Ford’s tax breaks are benefiting Ontario’s highest earners. The top 20 per cent, with incomes over $123,400, are getting 43 per cent of tax benefits, including 75 per cent of deductions, which adds up to over $7 billion every year.

Families struggling on lower incomes pay for the tax break for the top earners. They pay for it with cuts to public services, like Doug Ford’s callous cuts to education and health care.

Ford is asking Ontarians to accept deep cuts, so his tax breaks can help the rich get richer.

Families in Ontario deserve so much better than a government that cares more about cutting taxes for the rich than investing in public services.”