44th Parl. 1st Sess.
March 27, 2023 11:00AM
- Mar/27/23 2:19:20 p.m.
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Mr. Speaker, after eight years of the Liberal Prime Minister's inflationary taxes and deficit spending, it no longer pays to work in Canada.
One in five Canadians are skipping meals, and many are going to food banks just to survive. February marks the seventh consecutive month of double-digit food inflation. Rent and mortgage payments have doubled under the Liberal Prime Minister, and the dream of home ownership is quickly becoming a nightmare for many young people in this great country.
A Conservative government would bring home powerful paycheques with lower taxes, so that hard work would pay off once again; bring home lower prices by ending inflationary carbon tax and deficit spending, which drive up inflation and create higher interest rates; and bring homes to Canadians that they could afford by removing government gatekeepers, freeing up land and speeding up building permits.
Enough is enough. It is time to make Canada work for those who do the work.
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- Mar/27/23 2:24:39 p.m.
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Mr. Speaker, the only place he has been is in the pockets of Canadian workers, taking away their money. He has raised taxes on paycheques, raised taxes on gas, raised taxes on home heating, raised taxes on food and raised taxes on small businesses. What does he want to do this Saturday? He wants to raise taxes again.
Inflation is at a 40-year high. After eight years under the Prime Minister, Canadians cannot afford to eat, heat and house themselves.
Will he show a little bit of restraint and commit, in tomorrow's budget, to no new taxes?
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- Mar/27/23 2:25:57 p.m.
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Mr. Speaker, the trickle-down is his. He wants to take away everybody's money, centralize it in his own hands and promise that it will trickle down through his mighty bureaucracy and all the prodigious interest groups that gobble it up. There may be a few little drops that get down to the people who actually earned it in the first place.
When I first said that deficits would cause inflation, all the experts disagreed. Now they all agree with me.
In fact, even the finance minister has now come around to my view, admitting that deficit spending causes inflation. That is why people are paying more than at any time in 40 years.
Will he cap government spending and put an end to the inflationary deficits tomorrow?
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- Mar/27/23 2:26:39 p.m.
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Mr. Speaker, we can tell that the Leader of the Opposition is still hoping and waiting for experts to endorse his plan to opt out of inflation by buying cryptocurrency, something that would have erased the savings of Canadians.
The fact is that tomorrow, we are bringing forward a budget that is focused on affordability and supporting Canadians. It is going to be delivering health care results for Canadians right across the country and creating great jobs for the middle class in a clean and growing economy. Those are the focuses that we have been laser focused on over the past many years, for Canadians. We will continue to step up and be there to grow the economy and support all Canadians.
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- Mar/27/23 2:31:24 p.m.
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Mr. Speaker, millennials in Canada are feeling the squeeze of inflation more than the rest of Canadians. As a CBC article reports, the trustee in insolvency has concluded that Canadian millennials have been dealt a bad hand, and it is true. If we look at it, they have student debt, bad credit card debt and postpandemic tax debt from collecting CERB. In fact, it means that more and more millennials are filing for bankruptcy.
In the interest of generational fairness, will the Prime Minister confirm today that there will be measures in the budget to give young Canadians a break?
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- Mar/27/23 2:36:32 p.m.
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Mr. Speaker, the cost of owning or renting a home in Canada has doubled. The cost of heating that home has doubled. The cost of getting groceries in Canada has gone up by double digits. Despite the inflation that Canadians are paying and the surge in revenue it is creating for the government, its unnamed sources are conditioning Canadians for more spending and higher deficits in tomorrow's budget.
I have a simple question. Will the Prime Minister tell Canadians today that tomorrow he will not raise taxes on them?
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- Mar/27/23 2:37:04 p.m.
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Mr. Speaker, it is a pleasure to remind the member opposite that it was our government that reduced taxes for the middle class not once but twice, and reduced taxes for small businesses not once but twice.
While inflation is a global phenomenon, we in Canada are very well positioned to take care of it. We have the lowest net debt-to-GDP ratio in the G7. We have the lowest deficit in the G7. That is going to allow us to continue to invest in Canadians, in good, sustainable, clean jobs, and in making life more affordable.
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- Mar/27/23 2:39:13 p.m.
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Mr. Speaker, I really appreciate my colleague's question. As he knows full well, inflation has continued to decline in Canada over the last eight months. We have the lowest deficit and debt-to-GDP ratio in the G7.
We were able to manage Canada's finances responsibly over the last few years. We were there for Canadians in those tough times to help them make ends meet.
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- Mar/27/23 2:41:04 p.m.
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Mr. Speaker, on the eve of the budget, I would remind the House that in 2021, this government created a class of vulnerable seniors. It increased the old age security benefit, but only for people aged 75 and over, leaving seniors aged 65 to 74 out in the cold.
Tomorrow's budget is the perfect opportunity to end this discrimination between those who are old enough and those who are not old enough to deserve a decent quality of life. Inflation makes no such distinction. Will this government finally correct the injustice it has created?
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- Mar/27/23 2:47:11 p.m.
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Mr. Speaker, small businesses are struggling in this inflationary environment. Borrowing costs and bankruptcies are both up. Most economists agree that we are on the verge of a recession, and the government's response is to increase taxes on April 1, which will hurt small business owners. The carbon tax increases inflation and has a significant effect on small businesses. They cannot pass on those costs to their customers, and the government is indifferent to these effects.
Will the Prime Minister commit to no new taxes for small business owners in tomorrow' budget?
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- Mar/27/23 2:52:13 p.m.
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Mr. Speaker, earlier this month, the governor of the Bank of Canada warned that the recent pause on interest rates was dependent on limited government spending. Excuse my skepticism, but Conservatives know of, and Canadians have witnessed, record uncontrolled deficit spending.
Will the government, in tomorrow's budget, commit to no new spending, or will it continue its reckless tax-and-spend policy, risking higher inflation and more interest rate hikes?
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- Mar/27/23 2:54:23 p.m.
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Mr. Speaker, after eight years of this inflationary Prime Minister, I would encourage him to listen to what Guy Parent, who has worked as a trucker for the past 30 years, had to say about the carbon tax. He said, “The automatic reaction of the companies that have to pay the tax is to pass it on to the customer. It is the customer who will have to pay. That is how the inflation game works.”
According to the truckers, all Quebeckers will be affected, and according to them, a large number of products, such as commodities, fruits, vegetables and even televisions, will now cost more.
My question is simple. Will the Prime Minister commit to scrapping this new tax tomorrow?
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- Mar/27/23 3:00:25 p.m.
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Mr. Speaker, after eight years of this Prime Minister, former bank governor, Stephen Poloz, now says that Liberal deficit spending drove up inflation. The current bank governor said the same thing last fall. If he will not listen to us, maybe the Prime Minister will listen to the bank governors.
Inflationary Liberal spending and taxes drive up the cost of everything. People cannot afford to eat or even heat their homes. To make matters worse, now the Liberals are going to triple the carbon tax.
I have a simple question. Will the Prime Minister commit to no new taxes?
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- Mar/27/23 3:01:07 p.m.
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Mr. Speaker, we know that inflation has been challenging for Canadians. That is why we are focused on a legislative agenda that makes life more affordable for Canadians. However, it is important for members opposite, everybody in the House and Canadians across the country to understand that this is a global phenomenon.
Fortunately, inflation has been coming down. It is down to 5.2%. It is much lower than our peer economies, such as the United States or in Europe. It is actually positioning us quite well to invest in further measures that will make life more affordable, but will also make an economy that works well for everybody.
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