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House Hansard - 43

44th Parl. 1st Sess.
March 22, 2022 10:00AM
Context: House Hansard - 43 - Mar/22/22
Mr. Don Davies (Vancouver Kingsway, NDP)
  • Mar/22/22 3:53:16 p.m.
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Madam Speaker, I very much agree with my hon. colleague that Canadians are experiencing a dramatic hardship due to the high cost of living, whether it is for food, housing, services or, as this motion speaks to, gas at the pumps. As the member said, we are facing record-high gas prices. The problem I see with this motion is that it would do nothing about the excessive profits being made by oil and gas companies. We know that companies such as Suncor just made net profits of $4.1 billion. Someone is profiting enormously from prices of gas at $2 per gallon. Instead of doing this, would the member agree that we should impose a tax of 3% on profits over $1 billion, as the NDP has suggested, and redirect that revenue to everyday Canadians?
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Context: House Hansard - 43 - Mar/22/22
Mr. Blake Desjarlais (Edmonton Griesbach, NDP)
  • Mar/22/22 4:08:38 p.m.
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Madam Speaker, the residents of my community in Edmonton Griesbach are also suffering from this affordability crisis. It is hurting them not just in everyday rent, gas and groceries; they are also scared for their kids. What I want to hear the member talk about is how this country's economy is truly going to help these folks in a real way. This proposal in many ways is temporary, but we know that this crisis may be long-lasting. These companies are profiting. Suncor, for example, profited by $4.1 billion, paying out $3.9 billion to its shareholders. CN Rail had $7.7 billion in profit. Would the member agree that we need to tax profiteers who have made unjust amounts of money and reinvest the money in the people who need it most as a real plan for affordability?
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