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House Hansard - 43

44th Parl. 1st Sess.
March 22, 2022 10:00AM
Context: House Hansard - 43 - Mar/22/22
Mr. Matthew Green (Hamilton Centre, NDP)
  • Mar/22/22 4:40:07 p.m.
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Madam Speaker, clearly the rising cost of gas is about inflation. In fact, Marc Lee, a senior economist at the Canadian Centre for Policy Alternatives, recently stated, “industry profits rebounded strongly in 2021 after the COVID-induced slowdown of 2020. For example, Canadian Natural Resources booked a record $7.7 billion profit.... This clearly shows it’s time to bring in a windfall profits tax on the oil and gas sector.” One of the obvious ways to address this cost-of-living crisis would be to tax profiteers like Suncor, which made a net profit of $4.1 billion and paid out $3.9 billion to its shareholders. On the topic of inflation, affordability and taxation, why do the Liberals continue to protect wealth-accumulating corporations and do no nothing to ease the pressure on average Canadians who are struggling to make ends meet?
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