With the Greater Toronto Area and Hamilton's public transit expansion needs taking centre stage in the lead up to a highly anticipated Ontario election, what's the best mix of revenue tools?
CCPA Research Associate Hugh Mackenzie says no single tax option would raise enough money and lays out a compromise position.
No matter the mix, Mackenzie demonstrates, the progressive impact of increased transit particularly for lower and middle income Ontarians outweighs the regressive impact of the revenue tools under consideration.
“In fact, transit benefit is so strongly progressive that expanded transit funded from modestly regressive taxes is, overall, progressive.”
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