Liberals Call on PCs and NDP to Stop Stalling Tax Cut for Small Businesses
PCs and NDP block two motions that would fast-track the Supporting Small Businesses Act
Queen’s Park - The PCs and NDP are hurting small businesses across Ontario by stalling passage of Bill 105 the Supporting Small Businesses Act in the Ontario Legislature said Ottawa South MPP John Fraser.
Fraser was referring to political game playing by the PCs and NDP at a legislative committee at Queen’s Park that blocked progress of the bill that will cut taxes for small businesses.
“If passed, this legislation will help create jobs by cutting taxes for more than 60,000 Ontario small businesses,” said Fraser. “Ontario Liberals put forward two motions that would have fast-tracked tax relief for small businesses unfortunately the PCs and NDP teamed up to vote against it.”
Fraser is a member of the Standing Committee on General Government at Queen's Park where the motion was blocked by the opposition.
“We need to pass the Supporting Small Businesses Act before the Legislature rises in December, so more than 60,000 Ontario small businesses can benefit starting January 1st,” said Fraser. “It’s time to put an end to the procedural games and tactics by the opposition that blocking our efforts to pass tax relief legislation to support Small Businesses in Ontario.”
“In order for the tax cut to take effect in the new year, I’m calling on the PCs and NDP to return to committee, schedule hearings, and pass the bill into law quickly,” concluded Fraser.
Fraser noted that opposition previously delayed passage of the bill by filibustering debate in the legislature. The PCs and NDP debated the bill in the Legislature for more than 14 hours far more than the 6.5 hours needed to send the bill to committee. The additional hours of debate in the Legislature delayed the bill for weeks.
If, Bill 105 is passed before the House rises in December:
• Effective January 1, 2014, the act would increase the exemption to $450,000 of annual payroll from $400,000 for private-sector employers with annual payroll of $5 million or less.
• More than 60,000 employers would pay less Employer Health Tax, including over 12,000 that would no longer pay the tax and would save on the cost of filing an Employer Health Tax return.
• Businesses would have the opportunity to use their savings to re-invest in their company or hire more staff.