SoVote

Decentralized Democracy

House Hansard - 94

44th Parl. 1st Sess.
June 22, 2022 02:00PM
Context: House Hansard - 94 - Jun/22/22
Mr. Terry Beech (Parliamentary Secretary to the Deputy Prime Minister and Minister of Finance, Lib.)
  • Jun/22/22 3:00:42 p.m.
  • Watch
Mr. Speaker, global inflation caused by a number of factors. Supply chain bottlenecks, climate change and the war in Ukraine are having significant impacts on the household budgets of Canadians. While Canada's rate of inflation is below average when compared to the Euro area, the U.S. and the OECD, we are continuing to focus on economic growth and making life more affordable for Canadians. Our measures have helped lift 1.3 million Canadians out of poverty, and important programs that have supported seniors, families and individuals are indexed to the cost of living. We will continue to invest in Canadians while lowering our debt-to-GDP ratio and increasing Canada's long-term fiscal advantage.
117 words
  • Hear!
  • Rabble!
  • star_border
Context: House Hansard - 94 - Jun/22/22
Mr. Terry Beech (Parliamentary Secretary to the Deputy Prime Minister and Minister of Finance, Lib.)
  • Jun/22/22 3:01:55 p.m.
  • Watch
Mr. Speaker, we understand rising gas prices have had a negative impact on the household budgets of Canadians, but we also know that the increase is a global phenomenon, in part resulting from the war in Ukraine. If we implement a tax holiday on oil and gas, energy companies could actually pocket the difference in costs. There is no guarantee that the savings would be passed on to Canadian consumers. Similarly, our carbon price at 11 cents per litre is the only fee collected on gas that is returned to consumers, making life more affordable for eight out of 10 Canadian families.
102 words
  • Hear!
  • Rabble!
  • star_border
Context: House Hansard - 94 - Jun/22/22
Mr. Terry Beech (Parliamentary Secretary to the Deputy Prime Minister and Minister of Finance, Lib.)
  • Jun/22/22 3:08:21 p.m.
  • Watch
Mr. Speaker, we know that this is a difficult time for millions of Canadian families. Groceries are more expensive and bills are adding up. That is why we cut taxes for the middle class and for small businesses and lifted more than 1.3 million Canadians out of poverty. We are reducing child care costs for parents; we are delivering increased benefits for our seniors; we are also making investments to boost Canada's long-term growth and create well-paying jobs, all while lowering our debt-to-GDP ratio every single year.
93 words
  • Hear!
  • Rabble!
  • star_border