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House Hansard - 42

44th Parl. 1st Sess.
March 21, 2022 11:00AM
Context: House Hansard - 42 - Mar/21/22
Mr. Jagmeet Singh
  • Mar/21/22 12:14:38 p.m.
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Madam Speaker, here is the problem with the approach of the Conservatives on this and a number of matters: If we were to have a tax holiday on the GST or on the carbon tax, nothing would prevent those very same companies from increasing costs even more. They would say there is a savings that people are enjoying, so let us increase the rates even more. That is the inherent problem with the Conservatives' approach. They think that somehow without government intervention, large, wealthy corporations are going to lower costs or allow people to earn a decent living. They are not. That is why we have to fight. That is why governments exist: to prevent that exploitation. What we are proposing is to get at the heart of the matter. Let us tax the excess profits and reinvest that back into people, which is something we have done in the last. Profiteering happened in the world wars, and Canada, among other nations, decided that we needed to put in a profiteering tax to stop it and to invest in people. That is exactly what we are proposing.
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