Martin Regg Cohn: Enjoy Doug Ford’s cheaper gas while you can. It comes at a high cost
Just don’t be deluded by the illusion of the 5.7-cent solution. It’s a phoney discount that counts for little because it never added up, but we will all pay the cost for loweringYou can’t promise to rebuild a cash-starved health care system while squeezing government revenues. You can’t pledge to build out long-term care and expand child care while cutting gas taxes.
You might think the idea for tax relief at the pump emanated from the latest surge in prices caused by war in Ukraine. That would be political amnesia. Promise made, promise only partly kept. It took another four years, and a re-election campaign, for Ford to follow through with a further 5.7 cents this month.
Ford’s much-hyped tax cut and was due entirely to outside economic and geo-political factors beyond his control. What’s the point of tax relief so fleeting and imperceptible that you only notice it for a day at the pump, before it is overtaken by daily volatility in global oil markets? How do you defend bleeding the treasury of money that’s needed more than ever for services people truly need?will cost $645 million
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