"Progressive Conservative Leader John Tory is taking an old-fashioned, ideological approach to spurring Ontario's economic growth by promising to cut taxes, Premier Dalton Mc-Guinty said Saturday ... McGuinty trumpeted his own pledge of $1.15-billion over the next year in direct grants to corporations that promise to create jobs ? 'You can't just do as Mr. Tory is proposing, which is old-fashioned, kind of a Conservative ideological approach to helping the economy, which is to simply cut taxes and sit on your hands,' he said. 'You can't just cut taxes and hope every-thing's going to work itself out. You've got to bring some money to the table.' "During socialism's early twentiety-century heyday in America, venture capitalism was accused by labour and progressives of intervening in tax policy to lower taxes for its own economic benefit. In today's Ontario, tax policy is protected through an ecumenical compromise between labour, progressives and large manufacturers to venture handouts from tax revenues for guaranteed financial and political returns instead of economic opportunities.