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Decentralized Democracy

House Hansard - 334

44th Parl. 1st Sess.
June 18, 2024 10:00AM
Context: House Hansard - 334 - Jun/18/24
Ms. Christine Normandin
  • Jun/18/24 7:52:07 p.m.
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  • Re: Bill C-69 
Madam Speaker, my colleague began his speech by talking about the importance of balancing the budget and cutting the government's unnecessary spending. Bill C‑69 includes a nice oil subsidy for so-called green hydrogen. It is a tax credit of 15% to 40%. Last year, the federal deficit was about $40 billion. The subsidies and tax credits for oil companies totalled about $30 billion. We could reduce the federal deficit by 75% in one fell swoop. Is that not something interesting for my colleague to think about?
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