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Decentralized Democracy

House Hansard - 56

44th Parl. 1st Sess.
April 8, 2022 10:00AM
Context: House Hansard - 56 - Apr/8/22
Hon. Tim Uppal (Edmonton Mill Woods, CPC)
  • Apr/8/22 11:40:14 a.m.
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Mr. Speaker, more and more Canadians continue to struggle to make ends meet. Two-thirds of Canadians say that inflation and the affordability crisis are their top economic concerns. Six years of Liberal governance and inflationary policies got us to where we are today: soaring inflation, a devastating housing crisis and hard-working Canadians struggling to pay for food, rent and their mortgages. Why do the Liberals continue to spend more and more Canadians' money without getting any result? It is not working.
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Context: House Hansard - 56 - Apr/8/22
Mr. Daniel Blaikie (Elmwood—Transcona, NDP)
  • Apr/8/22 11:45:14 a.m.
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Mr. Speaker, two new reports this week show that while Canadians are struggling to put food on the table, big corporations in the grocery business are padding their pockets with record profits. Cargill alone reported $5 billion in net income in 2021, over double its net income from just last year. Big companies are taking advantage of economic uncertainty to jack up prices by far more than the increase in their costs. Instead of condoning this profiteering, when will the Liberals apply the tax measures announced in yesterday's budget to these other industries that are profiting off high prices while Canadians struggle?
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Context: House Hansard - 56 - Apr/8/22
Mr. Terry Beech (Parliamentary Secretary to the Deputy Prime Minister and Minister of Finance, Lib.)
  • Apr/8/22 11:45:52 a.m.
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Mr. Speaker, in addition to our middle-class tax cuts, budget 2022 proposes additional measures that would make Canada's tax system more fair while promoting economic growth. This includes a permanent 1.5% corporate tax increase on profits over $100 million for banks and life insurance companies, new measures to prevent the use of foreign corporations to avoid Canadian tax, and a tax cut for small businesses as they continue to grow and create new jobs for Canadians. That is responsible fiscal management. That is fair tax policy.
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Context: House Hansard - 56 - Apr/8/22
Mr. Wilson Miao
Mr. Speaker, the bill actually addresses and creates a lot of economic opportunities in our nation. It would also expand on a new industry with repairs, spare parts and aftermarket parts, potentially OEM products. This is why it is important for us to discuss the bill together to see how we can fine-tune it to that sweet spot so that all Canadians can benefit from the bill.
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