The Canadian Press

1993-05-19 | Ontario-budget-Laughren

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Ontario's NDP government hit everybody with increased taxes in its May budget. Personal income tax went up, and big businesses faced a minimum corporate tax. New taxes were slapped on parking lots, auto insurance, gravel and brew-your-own stores. Finance Minister Floyd Laughren's budget took two billion dollars in taxes out of the provincial economy. But he insisted the alternatives were worse. Laughren said his budget would get Ontario's deficit down to 9.2-billion dollars in the fiscal year, down from the previous year's record deficit of 12-billion dollars.

Date: 1993-05-19
Placeline: Toronto, ON, Canada
Source: The Canadian Press
Length: 18 seconds

Transcript Prediction: << if we were to take another two billion dollars through expenditure reductions in what we've done so far is minimized job losses in expenditure reductions we work very hard at that, the, the next level of another two billion was quote me spinach reductions would be enormous job losses >>

Clip ID: 19930519CPCN002