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Decentralized Democracy

House Hansard - 75

44th Parl. 1st Sess.
May 19, 2022 10:00AM
  • May/19/22 2:28:37 p.m.
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Mr. Speaker, last month, inflation hit a 31-year high at 6.8%. Meanwhile, wages increased by an average of just 3.3%. I doubt anyone needs a diagram to understand the resulting decrease in purchasing power. The worst part is that while the big chains are making hundreds of millions of dollars in profits, everyone's grocery bills are going up by 9%. More and more families are turning to food banks. When will the Liberals tax the excessive profits of big grocery stores and oil companies? When will they double the GST tax credit?
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  • May/19/22 2:29:53 p.m.
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Mr. Speaker, I find it interesting that when we bring up inflation, the government likes to talk about things it did five or six years ago, but the fact of the matter is that we are experiencing record inflation now. We are experiencing that in a context in which a number of companies, including oil and gas companies right now, are receiving huge windfalls. The question is this: Is the government prepared to tax that excess profit and return it to Canadians in the form of an additional GST rebate or not? Yesterday we saw the Liberals side with the Conservatives to vote against a measure like that. We want to know, are the Liberals going to get with the program and provide relief to Canadians now?
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  • May/19/22 2:32:29 p.m.
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Mr. Speaker, the minister is still using talking points from 2015. He has the time machine. He is going back to 1981 with those policies. Other energy-exporting countries, like the United States and Australia, are taking action to protect their consumers from record-high gas prices. Trevor Tombe, an economist at the University of Calgary, has found that when Alberta dropped its gas tax, it successfully reduced its inflation rate in April. Since the Liberal government obviously has no ideas about how it can improve gas prices, will it at least reconsider the Conservative proposal to exempt the GST on fuel? Will it at least do that?
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