Ontario Premier Doug Ford convened a press conference in Mississauga today to disclose a pivotal element of the forthcoming provincial budget. Against the backdrop of a bustling metropolis, Premier Ford addressed a myriad of pressing issues affecting the province.
The premier highlighted the surge in the federal carbon tax, scheduled to rise by 23% on April 1st, resulting in a 3-cent per liter hike in fuel prices. He emphasized the potential impact on Ontario’s residents and the broader economy, expressing concern over the added financial strain.
Acknowledging the challenges posed by increased taxation, Premier Ford announced the extension of the gas tax cut until December 31, 2024. This extension, he stated, would maintain the current reduction of 10.7 cents per liter, providing continued relief for Ontario households amidst economic uncertainties.
The premier emphasized his administration’s unwavering dedication to fiscal prudence, accentuating previous initiatives aimed at easing financial burdens on Ontarians. He underscored the government’s track record of tax reduction, citing the temporary gas tax cut introduced in 2022, which garnered significant savings for taxpayers and contributed to bolstering Ontario’s economic resilience.
In response to questions regarding taxpayer-funded advertising, Premier Ford defended the necessity of promoting Ontario’s economic prospects both domestically and internationally. He emphasized the importance of attracting investment and fostering economic growth, asserting that such advertising endeavors were instrumental in showcasing Ontario as a premier destination for business ventures.
Addressing concerns over rising consumer prices, Premier Ford attributed inflationary pressures to factors such as the federal carbon tax. He expressed solidarity with other provinces, notably Saskatchewan, in their opposition to the carbon tax, citing its impact on mitigating inflationary trends.
Premier Ford also addressed questions regarding housing development, particularly the construction of fourplexes. He emphasized the importance of municipal autonomy in zoning decisions, advocating for a balanced approach that respects community preferences while addressing the need for affordable housing solutions.
In conclusion, Premier Ford reiterated his government’s commitment to prudent fiscal management and economic prosperity. He expressed optimism regarding Ontario’s economic outlook, citing anticipated record investments and ongoing efforts to alleviate financial burdens on residents.