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Decentralized Democracy

House Hansard - 83

44th Parl. 1st Sess.
June 7, 2022 10:00AM
Context: House Hansard - 83 - Jun/7/22
Mr. Mark Gerretsen (Parliamentary Secretary to the Leader of the Government in the House of Commons (Senate), Lib.)
  • Jun/7/22 6:23:50 p.m.
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Mr. Speaker, I heard the member speak towards the end of his speech, as one of his examples, about the way that the government was approaching banks in terms of the excess profits that they have been making over the last couple of years. He would seem to suggest that there are supports that are being given out to banks as we speak. However, the reality of this situation is that there is an excess profit tax that is specifically being applied to banks and other businesses that saw windfall profits during the pandemic. Can the member at least accept the fact that the government has introduced that measure to make sure that banks in particular are paying their fair share as it relates to dealing with the problems that we had during the pandemic and the supports that had to be distributed during the pandemic?
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