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Decentralized Democracy

House Hansard - 218

44th Parl. 1st Sess.
June 21, 2023 02:00PM
  • Jun/21/23 6:35:01 p.m.
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Madam Speaker, I thank and commend the Parliamentary Secretary to the Minister of National Revenue. It was an immense pleasure and privilege to work with him at the Standing Committee on Finance. He is doing great work in his new job. We do not agree with every argument presented in the motion. What we find there is disingenuous. The motion asks that “the House call on the government to table a plan to return to balanced budgets” without specifying a date. To us, governing means being responsible and presenting projections. We support this desire for transparency. I will offer some solutions to my colleague, since he works in the revenue department. In the fight against the use of tax havens, there is a lot of money to be recovered. That is something that would help in returning to balanced budgets.
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  • Jun/21/23 7:16:09 p.m.
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Mr. Speaker, just to set the record straight, on average, 9% of OECD countries' revenue comes from corporate taxation. I have this from the OECD report. In Canada, it is 12%. Tax revenue that comes from corporate taxation is 30% more in Canada. Therefore, to say that we are somehow below the average in the amount of taxation we take from corporations is simply not true. I heard the member criticizing both Liberals and Conservatives. He went on about some of the things that the Liberals are doing wrong. We agree that the Liberals have a deficit and debt that is way too high. We have interest rates and inflation. We might disagree on the cause of that, but we are seeing negative consequences. We have food bank usage doubling. Will the member vote non-confidence in the government?
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  • Jun/21/23 8:41:28 p.m.
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Madam Speaker, the member spoke largely in slogans, and here is one for him. In the year 2000, 28% of just 15% was the difference in the corporate tax rate at that time. That difference made up a loss of revenue for the country. That loss of revenue disproportionately impacted our ability to fund and create programs. Another fact is that 1% of Canadians own 25% of Canada's wealth today. New Democrats are calling for a windfall tax to ensure what the member said would be made true or even truer, the idea that the private sector creates wealth. It is not the private sector; it is workers who create it. Why do they not have the advantage of getting good paycheques? It is because of the policies being put forward by the member from the Conservative Party, which are to just slash and burn and make sure that those who are poor continue to get less, while the wealthiest in this country continue to get away with the tax loopholes that continue to occupy their minds. What amount of money is enough?
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