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Decentralized Democracy

House Hansard - 330

44th Parl. 1st Sess.
June 12, 2024 02:00PM
  • Jun/12/24 2:26:16 p.m.
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Mr. Speaker, nine years ago, the Prime Minister promised that taxing and spending more would make everything fair. Since then, Canada has had the worst growth in the G7, the worst in Canada's history since the Great Depression. Housing costs have doubled, rising faster than any other G7 country, so 76% of youth believe they will never be able to afford a home. One in 10 people is eating at food banks in Toronto, where there are 256 homeless encampments. Have the Liberals not learned that taxing away doctors, taxing away home builders and taxing away the entrepreneurs who make paycheques is economic “wacko-ness”?
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  • Jun/12/24 2:29:52 p.m.
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Mr. Speaker, taxing farmers during a food crisis, taxing home builders during a housing crisis, taxing away doctors during a health care crisis and taxing small businesses during an economic growth crisis is economic vandalism and nothing less. That is precisely why the minister has given us the worst growth in the G7, the worst growth for the next 40 years projected by the OECD and 256 homeless encampments in her hometown. Is that not the predictable result of her disastrous policies?
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  • Jun/12/24 2:38:07 p.m.
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Mr. Speaker, a moment ago, the Leader of the Opposition already demonstrated his financial illiteracy. He does not understand how the capital gains inclusion rate works. However, I want to offer him an opportunity to continue his economic education. Yesterday, the IMF published a report on the Canadian economy. The IMF commented on our capital gains move and said it makes the system more fair, and it also said it would have no impact on investment or productivity. That is the IMF.
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