World

Doug Ford says 5.7 cent gas tax cut is coming before next year’s budget


CALEDON, Ont. — Ontario Premier Doug Ford says his authorities will meet its promise to chop gas prices by 5.7 cents earlier than the following price range.

The financial assertion launched final week by his Progressive Conservative authorities didn’t point out the minimize that Ford promised in his 2018 election marketing campaign.

However the premier stated Wednesday that he would commit to creating the minimize to the provincial gas tax earlier than the price range – set to be delivered subsequent 12 months earlier than March 31.

Learn extra:
OPEC+ ignores Biden’s plea for faster oil output as energy prices soar

He additionally referred to as on the federal authorities to match his authorities’s pledge and stated if that occurs, he’ll minimize the tax “even additional.”

Ford promised in 2018 to decrease gasoline costs by 10 cents per litre, together with the gas tax minimize and eliminating the cap-and-trade system, a transfer that was meant to decrease costs by 4.3 cents.

Story continues beneath commercial

The Tory authorities ended cap and commerce, however doing so triggered the federal carbon tax backstop and negated these financial savings.

They unsuccessfully fought the federal carbon tax in court docket.


Click to play video: 'Ford says highway 413 construction ‘will pump $350 million into the economy’'







Ford says freeway 413 development ‘will pump $350 million into the economic system’


Ford says freeway 413 development ‘will pump $350 million into the economic system’




© 2021 The Canadian Press






Source link

news7h

News7h: Update the world's latest breaking news online of the day, breaking news, politics, society today, international mainstream news .Updated news 24/7: Entertainment, Sports...at the World everyday world. Hot news, images, video clips that are updated quickly and reliably

Related Articles

Leave a Reply

Your email address will not be published.

Back to top button