NDP will vote for budget
Posted Apr 23, 2012 03:46:39 PM.
This article is more than 5 years old.
TORONTO – Ontario’s New Democrats have struck a deal to prop up the minority Liberal government in exchange for a new surtax on incomes over $500,000.
NDP Leader Andrea Horwath says the tax on what she calls the ultra-wealthy helps make the Liberals’ budget a little more fair.
She says the NDP will not vote against the budget in a crucial vote Tuesday, which means the minority government will not be defeated.
Premier Dalton McGuinty emerged from a meeting with Horwath today to say he had agreed to hike taxes on the rich in order to get the budget passed and stave off another election.
McGuinty says all $470 million raised from surtax will go towards paying down Ontario’s $15.2-billion deficit, and will end when the budget is balanced in 2017.
He dismisses criticism that he has again broken his promise not to balance the budget by raising taxes.
