44th Parl. 1st Sess.
June 18, 2024 10:00AM
- Jun/18/24 4:38:14 p.m.
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Madam Speaker, it is hard to tell where to start, but I would like to start by commenting on the very first part of the member's afternoon maiden speech, where he talked about the Liberal income tax cut to the middle bracket. That was not a cut for the middle class. The median earnings for the middle class in 2016, were about $34,000. The middle income only started at $44,000.
In fact the Liberal Party cut the taxes of every single member of Parliament by hundreds of dollars because anyone earning less than $45,000 per year, in that fiscal year, got nothing less. In fact all they got were more carbon taxes put on them, and nothing has changed in the nine years since then. Even more punishing carbon taxes have been added on top. Would the member now admit that it was not an income tax cut for the middle class, that in fact the median income that year was around $34,000 and that the Liberals have simply pulled the wool over people's eyes?
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Madam Speaker, the budget implementation measures in Bill C-69 are full of interference in the jurisdictions of Quebec and the provinces. Whether it is a question of housing, health, education or the banking sector, the fiscal imbalance really is on full display.
I would like to know what my colleague thinks.
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- Jun/18/24 7:08:13 p.m.
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Madam Speaker, in the Harper days, there was a recession in 2008, but $150 billion was put into the economy, and the budget was balanced in seven years. The Liberal government has had nine years.
I wonder if the member could elaborate on the fiscal failure of the doubling of the debt and the tripling of the carbon tax, as well as what the carbon tax has done to initiate the cost of inflation that Canadians are seeing in their rents, mortgages and grocery bills today.
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- Jun/18/24 7:27:04 p.m.
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Madam Speaker, I am pleased to have the opportunity to rise today and speak to the budget implementation act, even though we are in the eleventh hour of this session. I am looking forward to the House rising at the end of this week for the summer recess.
It has been nine years of the costly Prime Minister, and each successive budget creates a bleaker outlook for Canadians' futures. The guise of fiscal restraint has been cast away, and the Prime Minister and his finance minister have put the pedal to the metal. They have decided to spend Canadians' money at an alarming rate, with no plan to balance the budget, to pay off the debt or to even rein in deficits to a modest level. They are literally going for broke. They believe they can tax their way out of the problems that their out-of-control spending has created. While inflation has reached record levels, the government continues to pour fuel on the inflationary fire with tens of billions of dollars in new spending.
I will be splitting my time with my colleague, the member for Central Okanagan—Similkameen—Nicola.
In fact, Tiff Macklem, the Governor of the Bank of Canada, stated that the Prime Minister's $61 billion in new spending was “not helpful” in bringing down inflation. It costs the average Canadian family an extra $3,867, but the Prime Minister refuses to learn from his mistakes and continues to double down on his failed policies, which means more inflationary deficits driving up inflation and interest rates, doubling our national debt and, thus, endangering our social programs and jobs across the country.
More to the point, doubling the national debt means that the federal government will now be spending more on interest on its debt than it will send to the provinces for health care. There will be $54.1 billion spent on servicing our national debt, half of which the Prime Minister is responsible for. The high-spending addiction of the government has endangered Canadians' livelihoods. It has led to a record high of two million visits to food banks in a single month, and now we have a report from Food Banks Canada that one in four Canadians is living in poverty.
After nine years of the Prime Minister's disastrous policies, 25% of Canadians are living in poverty. Every party in the House had the chance to vote on giving Canadians a break and to help them keep more of their money in their pockets when Conservatives proposed giving Canadians a break from the carbon tax for the summer. Instead of giving Canadians the relief they are looking for from the oppressive Liberal carbon tax regime just for the summer, Liberals have doubled down and have introduced a new capital gains tax increase.
Despite Canadians struggling paycheque to paycheque, the Liberals have decided to endanger their retirements, which have taken decades of prudent planning, saving and investing to build. According to the government, it is unfair for a plumber to sell their business they built over decades to fund their retirement. It is unfair for an electrician to sell the company they built to fund their retirement. It is unfair for a doctor to sell their shares in their practice to fund their retirement. It is unfair for the Liberals to take more of Canadians' hard-earned, self-made retirement funds so that they can continue to indulge in spending billions of dollars on their failed policies, yet the Prime Minister continues to squeeze Canadians for every last dollar with tax increases, while showing no signs of fiscal restraint.
If the Prime Minister is worried about the richest in Canada, he should look in the mirror. While life has gotten worse for Canadians, the Prime Minister and his friends have never had it so good, with tens of billions of dollars going out the door each year to his high-priced consultants. Hundreds of millions of dollars in favourable contracts went to his friends at McKinsey, which was led by the Prime Minister's close friend, Dominic Barton. There was $222 million given to Rio Tinto just months after Dominic Barton became the chairman. The billion-dollar green slush fund funnels hundreds of millions of dollars to Liberal insiders with no oversight. Canadians suffer and Liberal insiders prosper.
After nine years of the Prime Minister, Canada is on track for its worst decline in living standards in 40 years, with more than nine in 10 middle-class families paying more in income taxes. Struggling families cannot afford the Prime Minister's higher taxes and out-of-control spending, which is driving up the cost of everything. The Liberal government has doubled rent, mortgage payments and down payments, and the number of tent cities is growing across this country. It is no wonder that Canadians are fed up with the NDP-Liberal coalition.
The Prime Minister is trying to trick Canadians into believing that he will fix what he broke by doubling down on his failed policies, issues that were created by nine years of methodically disastrous policies and that have made life more expensive for Canadians. They are policies that have stolen the dream of home ownership from young Canadians, policies that have forced Canadians to live paycheque to paycheque and policies that have endangered Canadians through a steep increase in violent crime.
Now that these policies have caused crises in housing, immigration, crime, inflation and other areas, the government feigns interest in fairness. It is not fair to Canadians to jeopardize their retirements with a punitive capital gains tax increase. It is not fair to double housing prices and rent. It is not fair to drive up inflation, drastically increasing the prices of everyday necessities, including basic food items. It is not fair to push 25% of Canadians into poverty and to force millions to visit food banks in a single month. The government does not care about fairness. It cares about spending as many taxpayer dollars as it can in its short-time left in government and setting the Liberal government members and their insider friends up for comfortable retirements.
In conclusion, it will come as no surprise that I cannot support this budget implementation act. It is more of the same failed policies from the NDP-Liberal coalition, which refuses to acknowledge its failures. If any member in this place truly believes in fairness, they cannot vote in favour of this bill. No member can look around Canada today, after nine years of the NDP-Liberal coalition, and truly believe that the government has served Canadians well.
It borders on the absurd that Liberal members can stand in this place, claim that this budget, which is more of the same policies that got us into this current mess, will somehow now get us out of it. The definition of insanity is doing the same thing over and over again and expecting a different result. Unfortunately, Canadians are the ones paying the price for this madness. I will repeat what I said when speaking to the budget. Canadians are losing hope. They are hanging on by a thread, and this bill will be the scissors that severs it.
This bill should not be passed. Canadians are depending on all opposition members to stop the government's harmful policies and its out-of-control spending, and vote non-confidence.
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- Jun/18/24 7:41:49 p.m.
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Madam Speaker, I have been around this place long enough to see a clear pattern of what a Liberal budget is, as well as the Liberals' omnibus budget implementation acts, which, of course, they promised not to use.
One might ask what exactly is the pattern of a Liberal budget. We have to go back to 2015 for a moment. What happened in 2015 is that the Prime Minister promised three years of so-called “modest” deficit spending budgets before he made a cast-in-stone promise to return to a balanced budget in 2019. One might ask what happened to that promise. In every one of those three years, the Prime Minister spent considerably more than he promised he would.
In 2019, he did not even attempt to honour his so-called cast-in-stone promise to return Canada to a balanced budget. In other words, the Liberal Prime Minister did not even try to do what he promised he would. Why even make the promise at all to return to a balanced budget if he had zero intention of doing so? It is because, of course, making promises on things he has no intention of ever honouring is basically a hallmark character trait of the Prime Minister.
Where are we today with this latest Liberal 2024 budget? We are now at a total spending of $535 billion for the 2024-25 fiscal year. Let us pause for a moment to recap.
The 2022 so-called “return to fiscal responsibility” budget was $434 billion. Here we are in the 2024 budget, and the proposed spending is up to $535 billion. This means that this latest Liberal budget proposes to spend $100 billion more than what the Liberals themselves labelled as a “return to fiscal responsibility” budget just a short time ago. Let us not forget that before the pandemic began in 2019-20, the Liberals were spending around $338 billion. We went from $338 billion to now $535 billion. That is an increase of almost $200 billion in annual spending. Let us not kid ourselves. Everyone knows the Liberals will spend more than the $535 billion they are proposing, more so given that next year is an election year.
Now we can all see the pattern to Liberal budgets that I mentioned earlier. Every year we are told what will happen, but it never actually comes to pass. The forecasts, the promises, everything the Liberals promise ends up being completely false. They do not even try to live within the fiscal limits they propose for themselves. Most offensive of all is that the Prime Minister's Office has the audacity to label this budget as the “fairness for every generation” budget. I am literally aghast by this.
The 2024 “fairness for every generation” budget proposes a $40-billion deficit for this fiscal year alone. We know that this is not the case. The finance department has said that the government is billions over that particular projection already. This is noteworthy because the Liberals' previous debt forecasts were at $35 billion for 2024-25 and $26.8 billion for 2025-26. That is a big difference we see between $40 billion and the $27 billion or so they had previously said for 2025.
We all know that the cost of servicing the national debt has exceeded the federal spending on health care. This is what the Liberals call fairness for everyone. It is not unlike the capital gains increase. The Liberals will tell us that this tax impacts only Canada's most wealthy, yet we have heard from many everyday Canadians who, through a divorce, a health crisis, retirement or otherwise, are in a one-time situation where they might be looking at paying a once-in-a-lifetime capital gains tax. These are doctors, small business owners, people in the trades. Larry the plumber from Winnipeg was brought up today, who is working hard. None of these people are so-called ultrawealthy, but they will all be hit hard by this latest Liberal tax grab. The Liberals know that these people exist and also know that the Liberal tax grab will hit them hard. However, they would still look them in the eye and say that only the ultrawealthy would be impacted by this.
I do not know if anyone on the Liberal or NDP side of the House realizes how angry people become when they believe they are being deceived and misled by their own government. Make no mistake: They are not happy with the Prime Minister. He needs that extra tax grab for fairness, he says. Let us talk about fairness for a moment.
There is now an entire generation of young Canadians who are left out despite all the Liberal spending. Literally, this problem is so bad that even the Prime Minister himself openly admits that young people now feel like they cannot get ahead in the same way their parents or grandparents could. However, it is much worse than that. The Prime Minister is leaving future generations of Canadians with record levels of debt and no plan whatsoever to return to a balanced budget, ever. The Prime Minister has failed in every single budget to do what he promised he would do in the budget the year previous. He just spends more, and we go further into debt. That is not fairness.
Before I close, I would like to share something with this place. We, of course, spend a portion of our time in this place debating budgets and budget implementation acts. A sitting government hopes to table a budget that resonates with Canadians. As all experienced parliamentarians will know, some budgets resonate more than others, and some, very little at all. This particular budget has not been like most. I do not recall at any time so many different citizens coming forward in opposition to a budget as they are for this budget, and by extension the budget implementation act. I make a point of reading every email, returning every phone call and scheduling as many meeting requests as I can. I can tell every member of this place that this particular budget is not impacting many Canadians the way the Liberal government would have us believe. The Liberals may call this a “fairness for every generation” budget, but many I hear from see this budget as being anything but fair to them.
I am not one to follow polls, so it does not surprise me at all that so many different polls show this budget, like the Liberal government, as falling down so badly. I would submit that this is without a doubt an unfair budget for many Canadians. I will be joining with those Canadians who now say “enough is enough” in rejecting the Prime Minister, his desperation budgets and this flawed budget implementation act.
I have one final point before I conclude my comments this evening. Earlier today, I read a report from the National Post, and the headline said it all: “Airplane food cost more than $220K on [the Prime Minister]'s Indo-Pacific trip: Meals included beef brisket with mashed parsley potatoes with truffle oil, braised lamb shanks and baked cheesecake with pistachio brittle”.
When the Prime Minister and his finance minister lecture others about fairness and needing people to do a little more, why is it that the Prime Minister never does his part? The reason is that the Prime Minister is always above these rules. Why does the Prime Minister consistently make demands upon others that he himself fails to follow? Canadians are tired of this. In my riding, as I am sure in many other members' in this place, people want an election and they do not want this budget or this budget implementation act. That is why I will be opposing it.
I would like to thank all members of this place for taking the time to hear my comments today.
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