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Decentralized Democracy

House Hansard - 303

44th Parl. 1st Sess.
April 19, 2024 10:00AM
Context: House Hansard - 303 - Apr/19/24
Mr. Peter Fragiskatos (Parliamentary Secretary to the Minister of Housing, Infrastructure and Communities, Lib.)
  • Apr/19/24 11:27:37 a.m.
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Madam Speaker, by eliminating inefficient fossil fuel subsidies and introducing a tax on share buybacks, the government has presented a vision that says to the corporate sector and to the oil and gas sector that they have responsibilities from a tax perspective. There are other examples I could give. What do we see? We see revenue generated that goes towards funding vital programs in this country that ensure a fairness vision. That vision translates to child care, pharmacare and a national child school food program, among other things.
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Context: House Hansard - 303 - Apr/19/24
Mr. Marc Serré (Parliamentary Secretary to the Minister of Energy and Natural Resources and to the Minister of Official Languages, Lib.)
  • Apr/19/24 11:52:55 a.m.
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Madam Speaker, the oil and gas sector must pay its fair share. The sector is making record profits and needs to invest in reducing emissions. We have eliminated inefficient fossil fuel subsidies and are asking the wealthiest 1.1% to pay a little more. The Conservatives oppose our cap on oil and gas emissions. The Conservatives take their orders from the oil and gas sector.
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Context: House Hansard - 303 - Apr/19/24
Mr. Peter Fragiskatos (Parliamentary Secretary to the Minister of Housing, Infrastructure and Communities, Lib.)
  • Apr/19/24 12:06:44 p.m.
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Madam Speaker, I would remind the member of what I said earlier when the NDP posed the question on this issue. We are eliminating inefficient fossil fuel subsidies and introducing a tax on share buybacks. In addition, there are changes to the capital gains that will benefit, on the whole, the vast majority of small businesses in this country. Decreasing the inclusion rate and increasing the lifetime capital gains exemption means that it is the largest corporations that will be asked to pay more to ensure a greater vision of fairness in the country.
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