Greens focus on deficit reduction
The Green party will present a platform today calling for income splitting for all couples, cuts for individual and small-business contributions to employment insurance and the Canada Pension Plan, carbon pricing and a corporate tax hike to help pay for infrastructure, social housing and youth employment funds they want to introduce.
Leader Elizabeth May will release a full-costed platform at Toronto’s Centre for Social Innovation and will stream her news conference on the party’s website.
A senior party official said the Greens will “put more money into deficitre - duction than the Conservatives,” but have no precise timeline for balancing the books.
According to the party’s projections, they would spend $3.7 billion in program expenditures, but gain $6.5 billion in tax hikes to larger businesses in 2011-12.
Central to the party’s theme of a “smart economy, strong communities and true democracy” is the creation of six municipal super-funds that would be used to fund infrastructure projects, such as mass transit, improvement to waste water treatment and community housing.
The party also plans to make a “heavy investment” in early childhood education through a program that would be costshared with the provinces.
“We are not going to be handing money to parents, it is to support structured early childhood education,” an official said.