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House Hansard - 107

44th Parl. 1st Sess.
October 4, 2022 10:00AM
  • Oct/4/22 1:29:18 p.m.
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  • Re: Bill C-30 
Mr. Speaker, the member for Guelph raised the Bank of Canada multiple times, as he also raised the ideas of helping struggling Canadians and the need to fight inflation. On March 11 of this year, Tiff Macklem, the Governor of the Bank of Canada, wrote to the finance committee, and I am just going to take an excerpt from that: According to the Bank's calculations, if the charge were to be removed from the three main fuel components of the consumer price index (gasoline, natural gas and fuel oil) it would reduce the inflation rate by 0.4 percentage points. In other words, if that policy had come into effect at the start of the year, January's inflation rate would have been 4.7% instead of 5.1%. That is the governor saying that the carbon tax is inflationary. The member for Guelph said it is important to support struggling Canadians. Would he say exactly why he supports the government in tripling the carbon tax on gas, groceries and heat? Does he not believe this is a time to take a pause and give Canadians a break?
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  • Oct/4/22 3:55:11 p.m.
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  • Re: Bill C-30 
Madam Speaker, I would like to thank the member for Banff—Airdrie for keeping the focus on Canadians in his speech. The Liberal member across the way was talking about Bill C-31, not Bill C-30. The Parliamentary Budget Officer will be doing an update next week on the cost of that, so I think it is important that we all wait and get that costing before we have a fair analysis of Bill C-31. I want to reiterate the point that the member made that the government did not use the summer to do the hard work to find offsetting spending cuts so it could avoid the criticism of being more inflationary. I would like him to comment on how important it is that Canadians not only deserve support, but also have a government that does not fuel inflation and actually fights it.
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  • Oct/4/22 4:06:33 p.m.
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  • Re: Bill C-30 
Madam Speaker, I want to quickly raise that students will actually be paying higher interest rates under the government. That is something that has recently been revealed. The member may want to consider his caucus talking about that. The member talked about fiscal discipline. Conservatives are supporting this bill because it has targeted tax relief to help Canadians who are struggling right now. However, will the member recognize that right now the average family of four may receive $467, but they are going to be paying over $1,200 just in groceries alone? The Governor of the Bank of Canada has written to the finance committee saying that the carbon tax is an inflationary tax and that the government's plan to triple, triple, triple the carbon tax over the next few years is going to hit them the hardest, by paying more for groceries, gas and heat. Does the member recognize that fiscal discipline means recognizing when people are at a breaking point?
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  • Oct/4/22 5:10:10 p.m.
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  • Re: Bill C-30 
Madam Speaker, the Conservatives support the tax relief found in Bill C-30 and have been doing our part to be helpful to those Canadians. Our leader has gone throughout this great country and has heard the personal stories from so many people who are suffering right now under incredible taxation and inflation under the current government. I would hope the member would recognize that the same family of four might get $467 from this bill, but they are facing $1,200 in extra food costs alone. The member's government plans on tripling the carbon tax next year. Does she support the tripling of the carbon tax, which will increase the cost of groceries, gas and home heating, yes or no?
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