Andrea Horwath touts $500 million manufacturing...
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May 09, 2014  |  Vote 0    0

Andrea Horwath touts $500 million manufacturing investment tax credit


NDP Leader Andrea Horwath has made her second $500 million promise in two days, touting a manufacturing investment tax credit aimed at creating thousands of jobs.

The two-year program is designed to encourage companies to put more money into new machinery, equipment and buildings with a 10 per cent tax break.

“As they invest in new machinery they hire people as well,” Horwath said at a Windsor auto parts plant where she tried her hand at bending some tubing.

She described the plan, which builds on a $500 million job creation tax credit announced Thursday in Niagara Falls, as a targeted way to help business that is better than the Liberal and Progressive Conservative approach of across-the-board corporate tax cuts.

“We need some new ideas to give companies that are ready to invest in Ontario the boost they need,” she told reporters.

As with the jobs tax credit, money to fund the program would be found from the $2 billion the Liberal government spends annually on what the New Democrats call an “overlapping array of business support programs.”

The campaign stop was in the Liberal-held riding of Windsor West, where the NDP is running Lisa Gretzky, the vice chair of the Greater Essex County District School Board, whose husband is related to hockey great Wayne Gretzky.

New Democrats are looking for a June 12 election hat trick in Windsor, where Percy Hatfield won an August 1 byelection in a riding formerly represented by veteran Liberal Dwight Duncan. New Democrat MPP Taras Natyshak has held Windsor-Essex since 2011.

Toronto Star

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