Ford says he’ll reduce gas prices by 10 cents per litre by cutting cap-and-trade, fuel tax

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    A Progressive Conservative authorities would reduce gas prices in Ontario by 10 cents per litre by scrapping the province’s cap-and-trade program and lowering the provincial fuel tax, Doug Ford mentioned on Wednesday.

    “On a regular basis, I hear from the people who find themselves fed up. Fed up with being gouged on the gas pump. Fed up with the worth of gas retains going up, and with, the worth of products and providers, with no finish or reduction in sight,” the Tory chief mentioned at a marketing campaign cease in Oakville.

    Ford additionally reiterated his vow to problem the imposition of a carbon tax in Ontario. 

    In response to a information launch, the provincial fuel tax on gas and diesel — at the moment at 14.7 cents and 14.3 cents per litre, respectively — could be lowered to 9 cents for each. 

    Ontario’s cap-and-trade program accounted for some $1.9 billion in income final 12 months, whereas the fuel tax brings in some $2.7 billion in income. 

    Ford is promising to scrap each, whereas additionally lowering authorities spending by no less than $6 billion, lowering the tax price within the province’s second tax bracket, reducing the company tax price and considerably cutting hydro payments for voters. 

    When pressed by reporters on how a PC authorities might afford the adjustments, Ford mentioned that the cash voters save on gas will improve financial exercise.

    “We won’t afford not to do that,” Ford mentioned, with out offering any additional particulars on how the proposal would work. 

    “These are financial savings that can depart more cash in your pocket.”

    Ford additionally repeated his declare {that a} “line-by-line” audit of presidency ministries would discover billions of {dollars} in “efficienies.”

    http://www.cbc.ca/news/canada/toronto/ford-gas-prices-fuel-tax-1.4665386?cmp=rss

     

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