Those in favour of a wage increase argue that there are too many working individuals living in poverty. Opponents claim that small businesses just can't afford any type of wage boost.
Well, here's a compromise from, perhaps, an unlikely group.
Ontario's New Democrats are proposing a trade off: they're suggesting an increase in the minimum wage in exchange for small business tax cuts.
The plan, introduced by party leader Andrea Horwath on Tuesday, would see the minimum wage rise to $12 by June 2016 (from the current $10.25). It's coupled with a cut in the small business tax rate from 4.5 per cent to 4 per cent this June, followed by a 0.5 per cent cut annually for the next two years.
"We need a balanced approach where families get a raise while ensuring small businesses grow and thrive to create more jobs," the NDP's small business critic Wayne Gates said in the legislature, according to the Bullet News.
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