Originally posted on National Post | News:

Ontario Premier Dalton McGuinty threatened to take Ontario to a general election Thursday if the opposition parties couldn’t agree on a deal to pass the budget.

“This is about Ontario’s economic livelihood and our ability to continue steering the province in the right direction in these challenging times,” McGuinty said in a statement.

“It’s absolutely imperative that we pass this budget. And if we cannot pass this budget, we will take it to the people in a general election.”

[np-related]

Kelly McParland: C.D. Howe pokes a big hole in NDP’s high-tax fantasies
A new wealth tax in Ontario, to take effect in July, will not raise anywhere near the revenue projected, and will cost the country dearly within a few years.
Alexandre Laurin, author of the [C.D. Howe Institute] report, notes that the ease with which high-income earners can adopt strategies to reduce their taxable income means the new…

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