Economists generally are supportive of reducing corporate income taxes, as they are one of the taxes most harmful to economic productivity by harming corporate savings in a way that the GST/HST does not. But I get your general point, Jake: by promising to cut various taxes with no real revenue replacement, Crombie plainly is paving the way for a questionable reduction in the size of the Ontario government, or she is paving the way for an election spending platform that will have no credibility in the eyes of Ontarians.
At this point, I suspect that the Ontario NDP is more institutionally resilient and capable of winning than the OLP. I may be attending the upcoming ONDP convention, as that party will be having at least some policy votes before the next provincial election. I explore these thoughts more in my own Substack article, "Ontario Liberals decisively shut the door to internal policy debates": https://stefanklietsch.substack.com/p/ontario-liberals-decisively-shut
It will be interesting to see what happens within the OLP after the next electoral disappointment. Will the same insular cadre that has deprived the party of policy votes for a generation finally go away, or instead double-down on exerting autocratic control?
You get my point on the tax cuts: with no corresponding revenue increase somewhere else, Crombie is either guaranteeing a cut to services, or an increase to the deficit.
Economists generally are supportive of reducing corporate income taxes, as they are one of the taxes most harmful to economic productivity by harming corporate savings in a way that the GST/HST does not. But I get your general point, Jake: by promising to cut various taxes with no real revenue replacement, Crombie plainly is paving the way for a questionable reduction in the size of the Ontario government, or she is paving the way for an election spending platform that will have no credibility in the eyes of Ontarians.
At this point, I suspect that the Ontario NDP is more institutionally resilient and capable of winning than the OLP. I may be attending the upcoming ONDP convention, as that party will be having at least some policy votes before the next provincial election. I explore these thoughts more in my own Substack article, "Ontario Liberals decisively shut the door to internal policy debates": https://stefanklietsch.substack.com/p/ontario-liberals-decisively-shut
It will be interesting to see what happens within the OLP after the next electoral disappointment. Will the same insular cadre that has deprived the party of policy votes for a generation finally go away, or instead double-down on exerting autocratic control?
You get my point on the tax cuts: with no corresponding revenue increase somewhere else, Crombie is either guaranteeing a cut to services, or an increase to the deficit.