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Decentralized Democracy

House Hansard - 159

44th Parl. 1st Sess.
February 13, 2023 11:00AM
  • Feb/13/23 2:44:54 p.m.
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Mr. Speaker, Canadians are doing everything right, but they are still having to stretch their budgets to keep up with rising food costs. All the while, grocery companies are making billions. The math is not adding up. All parties agreed with the NDP to initiate a greedflation study, but the Liberals have continued to stand by while CEOs are raking in record profits. People want the government to hold grocery chains accountable for their role in food prices. Why do the Liberals let grocery CEOs off the hook, letting them wriggle out of their responsibilities and refusing to charge a windfall profits tax?
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  • Feb/13/23 3:06:26 p.m.
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Mr. Speaker, in his state of the union address, President Joe Biden called out big oil for its excess profits, which he called “outrageous”, and he pledged to quadruple the tax on corporate stock buybacks. Frankly, that is not enough. The Secretary-General of the United Nations has called such profits “immoral”. In Canada, the 10 biggest oil and gas companies amassed more than $66 billion in profits in one year, and that is more than double what they had in the previous decade. Can the hon. minister tell us when Canada will tax back the excess profits of these war profiteers?
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