44th Parl. 1st Sess.
March 28, 2023 10:00AM
- Mar/28/23 2:19:50 p.m.
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Mr. Speaker, the former Liberal finance minister, Bill Morneau, the future Liberal leader, Mark Carney, the current Governor of the Bank of Canada, Tiff Macklem, and now the Minister of Finance have all admitted that deficits and added debt fuel inflation.
When presenting the last budget, the Minister of Finance stated that they were absolutely determined to reduce the debt-to-GDP ratio, that it had to continue decreasing, and that it was a line they would not cross.
Is the Prime Minister going to cross that line today?
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- Mar/28/23 2:35:31 p.m.
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Mr. Speaker, taxes have never been higher and the Liberals are awash with higher revenues from their inflationary deficits. After eight years of the Prime Minister, the price of a home has doubled. The price of rent has doubled. The price of an average mortgage payment has doubled. Credit card debt has never been higher. Food bank use is at a record high. By all accounts, this is not a record that anyone should aspire to.
The government's solution seems to be more deficits, more debt and more inflation. The Prime Minister has an opportunity at 4 p.m. today. Will he commit to no deficits and no new taxes?
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- Mar/28/23 2:44:40 p.m.
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Mr. Speaker, thanks to bad Liberal policy, last year was the most expensive harvest in Canadian history. The $34 million in fertilizer tariffs and the carbon tax on feed, fuel and transportation all led to record-high production costs. The consequences of that fanned the flames of record-high, double-digit food inflation.
Does the Prime Minister not realize the consequences that the increase in the carbon tax has had on food prices for Canadians? Will he commit to cancel his carbon tax hike in today's budget?
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- Mar/28/23 2:53:12 p.m.
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Mr. Speaker, Canadians are struggling with generational high inflation. Meanwhile, the Liberals are raking in the cash through tax increases on the backs of Canadians.
After eight years of the Liberals, mortgages have doubled, rents have doubled, tax increases are creating uncertainty and people are worried about losing their jobs. Labour groups, small businesses and everyday Canadians have demanded that the government cancel the excise tax increase.
Will the Liberals listen to workers and businesses and cancel the April 1 excise tax increase in today's budget?
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- Mar/28/23 4:38:40 p.m.
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Mr. Speaker, I will read what the minister of inflation stated last year: “On this point, let me be very clear. We are absolutely determined that our debt-to-GDP ratio must continue to decline...This is a line we will not cross.”
One year later, she has missed the mark. That is important, because she already admitted a few days ago that deficits would fuel inflation. Today, she tabled a budget of $43 billion in additional spending that will be paid for by taxes and result in inflation. The Conservative Party will always work for those who work. That is why we will vote against the Liberals' inflationary plan.
The finance minister was telling us only a few days ago that deficit spending would spark even more inflation, higher grocery bills, more expensive housing and other costs for families. Today, she rolls out a bonanza of $43 billion of new inflation, debt and taxes that will be on the backs of everyday, hard-working Canadians.
We set three conditions for our support of the budget. The first was that it bring home lower prices by eliminating the inflationary carbon tax and deficits. The second was that it bring home powerful paycheques with lower taxes that reward hard work. The third was that it bring homes that our young people can afford by removing gatekeepers to speed up building. None of these three demands have been met.
All that the Liberals have delivered is more debt, more inflation and more costs on the backs of the hard-working and beleaguered people of this country, and that is why Conservatives are proud to announce we will be voting against the inflationary spending.
In fact, the gross cost of all the new spending announcements in the budget works out to $4,300 for every single family in Canada. That is almost enough to house the Prime Minister in a hotel room for one night. That is how expensive the government has become.
The war on work continues. The inflationary policies intensify. Canadians are living in desperation, skipping meals, living in parents' basements, unable to drive to work, falling into depression and even considering suicide because they cannot afford the pressure and the bills the Prime Minister has imposed after eight long years. The budget would make all of those pressures, pains and costs even worse.
This budget adds to the costs, pressures and hardships each and every family is facing. That is why we will be voting against this budget. We are going to bring forward our own common-sense approach that takes into account the common people who work and pay the bills in this country.
We are on the side of the people who work hard, pay their taxes and play by the rules. We want to bring home a nation that works for the people who do the work, bring home lower prices, bring home powerful paycheques and bring homes people can afford. It is the common sense of the common people united for our common home, my home and everyone's home. Let us bring it home.
I now move to adjourn.
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