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Decentralized Democracy

Member of Parliament

Hon. John McKay

  • Member of Parliament
  • Liberal
  • Scarborough—Guildwood
  • Ontario
  • Voting Attendance: 62%
  • Expenses Last Quarter: $111,926.23

  • Government Page
Context: House Hansard - 101 - Sep/23/22
Hon. John McKay
  • Sep/23/22 12:59:09 p.m.
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  • Re: Bill C-30 
Mr. Speaker, the benefit of being here a long time is that this seems to be a go-to position of my friends on the left. There is an excess profits tax. All of these companies the member is complaining about, if they fall within the band of excess profits, will be taxed directly for that. I take note, as he did, of the excess profits tax for banks and insurance companies. There will be a gathering of revenues. I also take note that lately, primarily because of the low unemployment rate, the government's revenues have been quite robust, again speaking to the point that the government's management of its finances has been quite exemplary.
117 words
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  • Rabble!
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Context: House Hansard - 83 - Jun/7/22
Hon. John McKay
  • Jun/7/22 4:24:23 p.m.
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Madam Speaker, in saying “a false solution to a real problem”, the hon. member described it better than I did, and I think he is right. With respect to the revenues, yes, inflation has that effect of giving the revenues a temporary boost, but it is a temporary boost, because once we get the revenues in, the bills start arriving as well, so the costs of running a government are actually going to be much greater because there is necessarily going to be wage inflation, which is essentially what government is. As to spending the revenues that are coming in, I would not go for that kind of an idea immediately. There have been various relief elements, particularly for seniors, that have been distributed over the last couple of years.
132 words
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  • Rabble!
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