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Decentralized Democracy

House Hansard - 209

44th Parl. 1st Sess.
June 8, 2023 10:00AM
Context: House Hansard - 209 - Jun/8/23
Mr. Terry Beech (Parliamentary Secretary to the Deputy Prime Minister and Minister of Finance, Lib.)
  • Jun/8/23 2:21:18 p.m.
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Mr. Speaker, when we compare ourselves to our economic peers, we have a lower deficit, a lower net debt-to-GDP ratio, the fastest-growing economic growth in the G7 and lower interest rates. That is what is allowing us to invest in things such as dental care, child care, health care, affordability, economic growth and jobs. Over 900,000 jobs have been created since the pandemic. Yes, global inflation is hard, but we will get through this by working together.
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Context: House Hansard - 209 - Jun/8/23
Mr. Terry Beech (Parliamentary Secretary to the Deputy Prime Minister and Minister of Finance, Lib.)
  • Jun/8/23 2:22:25 p.m.
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Mr. Speaker, over the last week, the Conservative Party has tried to convince Canadians that we would be better off if we did not make those investments in health care, if we did not invest in dental care, and if we reduced investments in seniors' pensions and retirement security. They want to get rid of the CBC. They do not want to attack climate change. Canada has the highest economic growth and the lowest deficit in the G7. We are able to invest in making life more affordable for Canadians. Our government is up to this challenge, and so are Canadians.
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Context: House Hansard - 209 - Jun/8/23
Mr. Terry Beech (Parliamentary Secretary to the Deputy Prime Minister and Minister of Finance, Lib.)
  • Jun/8/23 2:32:45 p.m.
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Mr. Speaker, in fact, inflation is coming down. It peaked at 8.1%; it is now 4.4%, and that is better than the United States, Europe and the OECD. It is actually projected to continue coming down to below 3% very soon. It is still too high, but that is why we are investing in affordability. We have lifted 2.7 million Canadians out of poverty. We have created more than 900,000 jobs. In fact, through the workers benefit, more than 4.2 million Canadians are taking home bigger paycheques. All of this is while maintaining the highest economic growth in the G7 and the lowest deficit.
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Context: House Hansard - 209 - Jun/8/23
Mr. Terry Beech (Parliamentary Secretary to the Deputy Prime Minister and Minister of Finance, Lib.)
  • Jun/8/23 2:53:28 p.m.
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Mr. Speaker, I think it is very important to reiterate that inflation is coming down. It was at a peak at 8.1%. It is now at 4.4%. It is projected to go down below 3%. I think the other thing to say is that we are focused on affordability. That is why we have lowered taxes for Canadians, not once but twice. We lowered taxes for small businesses. In fact, in this budget, we found a way to drop credit card fees by 27%. That is going to save small businesses a billion dollars a year. That is the type of solution we can build if we work together on the budget instead of filibustering it.
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Context: House Hansard - 209 - Jun/8/23
Mr. Terry Beech (Parliamentary Secretary to the Deputy Prime Minister and Minister of Finance, Lib.)
  • Jun/8/23 3:00:53 p.m.
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Mr. Speaker, as I already described, inflation is coming down in Canada, and it is actually below inflation in the United States, inflation in Europe and inflation in the OECD. That is what is allowing us to invest in making life more affordable. I remember that when I was door knocking last summer, my constituents would tell me that their child care costs were as much as a mortgage payment, but now that we have reduced those costs by half and we are going to continue to reduce them to $10 a day, they are not saying that anymore.
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