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House Hansard - 83

44th Parl. 1st Sess.
June 7, 2022 10:00AM
Context: House Hansard - 83 - Jun/7/22
Mr. Warren Steinley (Regina—Lewvan, CPC)
  • Jun/7/22 1:04:35 p.m.
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Madam Speaker, I am so happy the member for Davenport got to her feet today to take part in this debate. The member said it was a fact that eight out of 10 households are getting money back from the carbon tax. I would like to quote the PBO, who said in a report from March 24, 2022: Most households in provinces under the backstop will see a net loss resulting from federal carbon pricing. That is a direct quote from the PBO from the March 24, 2022, report. Are Canadians and the constituents of Regina—Lewvan supposed to trust what the PBO says or the misinformation this member is peddling?
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Context: House Hansard - 83 - Jun/7/22
Hon. John McKay
  • Jun/7/22 4:22:09 p.m.
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Madam Speaker, I appreciate that question from the hon. member, because in a speech I made about a year ago, or sometime around then, I flagged that particular issue. In fact, from my own grocery shopping, I recognized that inflation was here. I actually sat down with the PBO at one point and said, “I don't understand why we are not more alarmed about inflation.” People from the Office of the PBO had an explanation that I frankly could not understand, but that said, they were still very helpful in trying to explain it to me. The Bank of Canada had described inflation at that time as “transitory”. I think it recognized that it was on its way but did not recognize that it was possibly going to be more long-standing than it had previously anticipated, and if there is an issue to be had there, I think that is a legitimate point.
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