SoVote

Decentralized Democracy

House Hansard - 334

44th Parl. 1st Sess.
June 18, 2024 10:00AM
Context: House Hansard - 334 - Jun/18/24
Mr. Gabriel Ste-Marie
  • Jun/18/24 5:54:06 p.m.
  • Watch
Madam Speaker, that is a big problem for us with this bill. The bill is 660 pages long and amends or creates 67 laws. Some of it is good, and some is not so good. One example of something good is that it changes the rules so that companies that declare their profits in tax havens are taxed more effectively. That is a step forward. That is good. We applaud that. The $11 billion being given to the gas industry to make hydrogen is a subsidy, a program tailor-made for the gas industry. It is not a plan to fight climate change. Therefore, we oppose it. I spent all my allotted time talking about open banking for a reason. It is a big deal. It is a big deal for Quebec, for Montreal's status as a financial hub, and for our financial institutions, like Desjardins. It is unacceptable. Once again, I condemn the government's failure to listen. As soon as there is a chance to favour Bay Street over its competitors in the financial sector, the government seems to kowtow to the big Bay Street banks. That is unacceptable. That needs to change. The framework will not be put in place until next fall. Why not take the summer to coordinate and build on a solid foundation rather than on such a shaky, poorly managed framework? It is a disaster waiting to happen.
237 words
  • Hear!
  • Rabble!
  • star_border
Context: House Hansard - 334 - Jun/18/24
Ms. Christine Normandin
  • Jun/18/24 7:52:07 p.m.
  • Watch
  • 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?
92 words
  • Hear!
  • Rabble!
  • star_border