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Context: House Hansard - 199 - May/17/23

Oct/31/23 2:40:26 p.m.
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Mr. Speaker, as inflation continues to remain, Canadians are realizing the Prime Minister is not worth the cost. The Bank of Canada is concerned that the soft landing it once projected is now much narrower. That is because economic uncertainty is increasing while inflation still has not been tamed. Two things the government could do to help the Bank of Canada tame inflation are cancel the carbon tax and reduce its spending, so why is the government not taking up these two very simple ways to make the Bank of Canada's job easier to bring inflation down for Canadians?

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Context: House Hansard - 197 - May/15/23

May/17/23 2:44:29 p.m.
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Mr. Speaker, before tabling the budget, the finance minister said that “by exercising fiscal restraint” and by not pouring fuel on the inflationary fire, the Liberals would ensure they could responsibly invest in Canadians. However, we need to pay attention to what the government does and not what it says, and what the government did was increase spending by $60 billion, or $4,300 for every family in Canada. When will the government take its own advice and realize its spending is making life more unaffordable for Canadians?

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Context: House Hansard - 163 - Feb/17/23

May/15/23 2:47:18 p.m.
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Mr. Speaker, the finance minister and the government have quite a bad track record for making predictions. They told us interest rates would remain low, so we must spend. They told us that deflation was more likely than inflation. When inflation came, they said it would be here for just a little while. The minister assured us the economy would continue to grow, and now it has slowed to a halt. They are always playing catch-up, and Canadians are paying the price. We are now spending as much on interest on the debt as we are sending to provinces for health care. How can Canadians afford any more of the Liberal government?

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Feb/17/23 11:33:28 a.m.
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Mr. Speaker, one year ago, a Liberal MP said, “It’s time to stop dividing Canadians”. What has happened in the last year? Canadians are more divided than ever. Inflation is at a 40-year high, 50% of Canadians are cutting on groceries, rent is up and mortgage costs are up, except we cannot question these issues or we would be called unpatriotic by the government. Canadians are struggling, and the Prime Minister wants to keep dividing. How come the government will not even take the advice of its own Liberal MP?

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Feb/14/23 10:45:54 a.m.
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Madam Speaker, I will consider any recommendation that sees the energy bills of Canadians reduced. In addition, if the member wants to talk about profiteering corporations, I am not sure how a windfall tax is going to lower inflation for Canadians. However, I do support reviews by the Competition Tribunal and other independent officers as to whether there is unnecessary profiteering or price gouging going on. These are officers and agents of the country. We should be listening to them and taking their advice. There is a grocery study happening at committee. The Competition Tribunal is also looking at the grocery study. If we want to do more of that, I would be open to that as well.

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Feb/14/23 10:44:38 a.m.
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Madam Speaker, if Conservatives were in power, one of the things we have consistently said we would do is to reduce energy bills by cutting the carbon tax, or we could take the suggestion of the NDP and reduce the GST on energy bills. However, we would also reduce government spending. We are spending $15 billion a year, every year, on high-priced consultants to do things that the civil service could do. There are many ways that we could reduce the size of government and free up some money to spend on the things that everybody cares about, such as social security, supports to help the most vulnerable and, of course, health care.

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Feb/14/23 10:43:16 a.m.
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Madam Speaker, I will resist the temptation to quote Nickelback, but if the hon. member listened to the speech, I had recognized that there are two causes of inflation. One is demand and the other is supply, both of them cause inflation in this country. More recently, economists, former Liberals and Bank of Canada governors are suggesting that the causes of inflation are more domestic than they are international. That means the things that happen here at home are causing inflation.

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Context: House Hansard - 114 - Oct/20/22

Feb/14/23 10:32:12 a.m.
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Madam Speaker, it is always a pleasure in this place. Today, I want to talk about inflation and spending. I have been here for just over a year. I have driven all over Ottawa, and I still cannot find the money tree that the government seems to have in its backyard, which it finds to spend on just about everything. Let us find out why spending matters. It drives inflation. There are two kinds of inflation. There is demand-side inflation, where there is too much demand for too few goods or, as we often hear, too much money chasing too few goods. There is also supply-side inflation, which is not enough goods to meet the demand. We have both of those in Canada. The problem is that the government would have us believe that the only issues causing inflation are supply-side issues that are outside of Canada's borders. However, many are now pointing out that inflation is being driven by too much demand in Canada, because we have too much money chasing too few goods. That is because we extended COVID supports longer than we needed to. We have prominent Liberal members, former members of Parliament, former finance ministers and former governors of the Bank of Canada suggesting that there is too much demand in Canada. The Bank of Canada is trying to lower demand. That is why it keeps raising interest rates. However, when one raises interest rates, it really hurts people, including those vulnerable folks who are looking for shelter. Inflation is even worse. Inflation hurts the lowest-income people, seniors and the most vulnerable Canadians the most. Every time they go to the grocery store, they feel like they are getting squeezed. They see it every day. One of the main drivers of inflation is energy prices. It has been happening for the last number of years. Consistently, on this side of the House, we have put forward ideas to reduce the cost of energy. If one reduces the cost or the price of the thing causing inflation, one will reduce inflation. I talked about spending and COVID supports. The government would have us believe that this is a binary discussion, and if one does not believe in government spending, then one did not support any of the COVID supports. That is not what we have been saying on this side of the House. In fact, this side of the House supported, in the very earliest days, the government putting forward programs to help people. However, as COVID wore on and it became clear that there was abuse and that people were receiving COVID support payments that they should not have received, including prisoners, people who were lying, fraud artists and organized crime, people said, hang on a second, maybe we should consider making some changes. Even the Auditor General recommended that the government make some changes to the process they were using. The government said not to worry. At the end it would go back, it would audit everybody and it would recover the money. However, the cheques were cashed and the money is gone. The CRA, which is supposed to be in charge of auditing the payments, said that it is not really worth the effort to go after everybody the Auditor General identified. That seems a little unnerving. We are talking about $32 billion that the Auditor General said should be investigated. That is for payments that went to individuals who were ineligible but who got money anyway. There are also additional billions of dollars that went to people who were eligible, because of the government's poor design of a program, who should not have been eligible. That includes corporations that paid dividends to their shareholders, and they took the wage subsidy. They also had money to repurchase shares. That was about $7 billion or $8 billion. The Canadians for Tax Fairness put out a report yesterday showing how much abuse there was of the wage subsidy by very high-earning corporations. In addition, we gave money to students, when the economy was open, to stay home and not work. That was another $8 billion or $9 billion. We are talking about almost $50 billion of COVID support payments out of a total $200 billion that might have gone to people who should not have had it. That is like 25% of the program. That is why we are concerned. That is why we think that the Auditor General has given the government pretty good advice when she says that it should identify, go after and recover the payments. It will increase Canadians' confidence in the integrity of the system. If the government just hopes that we all forget about it, Canadians are not going to believe that the government is working in their best interests. In fact, we need the government to take more seriously those who abuse the system so that it ensures the integrity of the system. Canadians' support for institutions is falling, because the institutions are failing Canadians. We cannot simply say it is going to be too hard to look at these payments or to recover the money, so it is not really worth the effort. It should always be worth the effort to make sure that we recover payments that were improperly paid to Canadians. We could have an honest discussion about those very low-income individuals who made an honest mistake when they applied. The amount is probably one or two billion dollars, and we could have a discussion about what kind of program, repayment or amnesty would make sense. The Auditor General has called into question some of those payments. The Parliamentary Budget Officer also identified that over 40% of all spending that happened during COVID never actually went to helping Canadians through COVID. Those are two respected, independent officers of Parliament who have called into question the government's entire COVID support plan. In times of inflation, we should always worry about top-line government spending, because when the government spends, it competes for goods. The government is spending 25% more per year, every year, than it did pre-COVID. The government calls that fiscal restraint. I have never met somebody who increases their spending by 25% and says they are spending a lot less money than we think they are. We also have the tightest labour market ever seen. Unemployment is at an incredible low, yet the government continues to hire employees at a blistering pace. The private sector is trying to hire employees. They want to grow their businesses, to recover from COVID, to employ people who pay taxes and who pay corporate taxes. They cannot find anybody to work. We have hotels with entire floors shut down, because they cannot find anybody to work there. It is not that they do not have the demand. They are turning people away. However, they do not have people to work, to open the rooms, to get the revenue, to pay the taxes, to pay the labour and to grow the GDP. Instead, the government wants to hire all those individuals and have them work for the government. That is not the way to grow ourselves out of this issue. The government said, for almost five or six years, that we have to spend money because interest rates are so low. When the government was asked what happens if interest rates go up, it said not to worry because interest rates were going to remain low for the foreseeable future. When the government was asked what would happen to the cost of servicing the debt if interest rates went up, it said that was never going to happen. Just this year, the government is going to spend $43 billion a year servicing and paying interest on the debt. Last year, it was $24 billion. Do members know how much we will spend on health care transfers to provinces next year? It will be $45 billion. We are going to spend almost as much money on servicing the debt as we will on transfers to the provinces for health care. Everybody is wondering where we could find more money for health care. How about we spend less money on interest on the debt so that we would have more money for the things that Canadians rely on. However, that means we would have to spend less money on the things that are not important. The government has so many priorities that it has absolutely none at all. The other issue is that the government does not need more revenue. The government has decided to continue to increasing taxes on things like the excise tax, which is a great example. The excise tax is going up on alcohol, beer, spirits and wine. It is going to cost industries tens of millions of dollars, which may even increase the price of those libations that members of Parliament and Canadians enjoy. The government is increasing the excise tax because it linked it to inflation. However, when it decided to link that tax to inflation, no one believed that inflation was going to be 7%. All reasonable people are saying to take a pause on raising that tax. We do not need to continually hurt people as they try to purchase a six-pack of beer, a bottle of wine or a bottle of their favourite spirit. The government does not need the revenue. It is making more money than it has ever made before. It is breaking records every day. The government needs to reduce its spending, to make sure that it is not taking on as much debt, to reduce the interest cost on the debt and to make sure that it does not compete with the private sector. We need to make sure that we reduce inflation and to make sure Canadians can afford to live in this country.

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Context: House Hansard - 112 - Oct/18/22

Oct/20/22 2:35:08 p.m.
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Mr. Speaker, if the government wants to run on its record, it is going to have to own up to its spending having helped drive inflation to 40-year highs. Canadians are having a hard time putting food on the table. Even the Bank of Canada says that inflation is a homegrown problem. The Liberals promise to keep spending increases to 2% a year. Has the Deputy Prime Minister told the rest of cabinet about this new fiscal plan?

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Context: House Hansard - 107 - Oct/4/22

Oct/18/22 3:53:50 p.m.
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Re: Bill C-31

Madam Speaker, the government is going to use the exact same process to disburse payments to receiving individuals as it did with CERB, using the CRA to disburse the payments. Will the minister say on the record whether he believes in the process that the government has set up? Is it a good process, is it the one it intends to use, and does he stand by that process?

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Context: House Hansard - 82 - Jun/6/22

Oct/4/22 2:47:37 p.m.
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Mr. Speaker, Germany, U.K., France, Sweden, Netherlands, Belgium, Spain, Ireland, Japan, New Zealand, Australia and more have all cut fuel taxes or duties to help households deal with rising inflation. Instead of lowering taxes like our peers, the government wants to make energy more expensive. The Liberal government must know something the rest of the world does not. What it will not admit is that the carbon tax is inflationary because it gets passed through to everything. Will the government cancel its plans to hike taxes and finally give Canadians a break?

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Context: House Hansard - 56 - Apr/8/22

Jun/6/22 2:32:11 p.m.
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Mr. Speaker, what do the Federal Reserve, President Biden, treasury secretary Yellen and the Bank of Canada all have in common? They have all taken responsibility for underestimating inflation. Secretary Yellen said she was wrong about inflation and President Biden released a plan to fight inflation just last week. Where is the government's plan to provide immediate relief to Canadians and combat inflation?

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Context: House Hansard - 56 - Apr/8/22

Apr/8/22 11:36:35 a.m.
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Mr. Speaker, these good fiscal managers are increasing government spending by 25% over prepandemic levels, but guess what? The government is benefiting from inflation. It is making $170 billion more than it projected just last year, but who is getting the benefit of that? It is not Canadians. There is no relief for food or higher gas prices. What does the government have to say to struggling Canadians who are seeing no relief in this budget?

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Context: House Hansard - 52 - Apr/4/22

Apr/8/22 11:35:37 a.m.
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Mr. Speaker, this budget adds about $1,400 in debt for every person in the country. Why is the answer to the government's problems always to add spending and debt? Canadians are waking up today without relief from higher food or gas prices, and to find out they owe $1,400 more per person. Why do the Liberals want to saddle the future generation with this extra debt?

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Context: House Hansard - 49 - Mar/30/22

Apr/4/22 3:31:32 p.m.
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moved that the third report of the Standing Committee on Finance, presented on Monday, March 21, 2022, be concurred in. He said: Mr. Speaker, it is a pleasure to speak to members this afternoon. I would like to mention that I am splitting my time with the member for Leeds—Grenville—Thousand Islands and Rideau Lakes. The world is different now than it was just a year ago. We have an unprovoked invasion and war by the Russian Federation against Ukraine that threatens our global security and shattered peace in Europe, inflation is anything but transitory and COVID restrictions are lifting across Canada, giving hope to our nation that we can return to some normalcy. However, it is in this global context that we must consider the budget. Our committee heard testimony from a number of witnesses about what they would like to see in this year's budget. The budget can provide some opportunities and can deal with some challenges that our country faces. There is no question that our government needed to provide unprecedented levels of support to Canadians and businesses during the early days of the pandemic. However, as pandemic concerns abate through our greater understanding of the virus, we must be prepared to evolve our approach to government spending. Closer to home, Canada must put its own economic house in order so that we can respond to the changing global context. We have to re-establish Canada as a destination for investment, and supply the world with ethical, conflict-free energy. If we want to stop Mr. Putin's war machine, we must help our allies reduce their dependence on Russian energy by ensuring that our energy can reach global markets. Furthermore, we can create a secure North American energy market that uses all sources of Canadian energy, including renewables, traditional fuels and nuclear energy. That is how we will help defeat Mr. Putin. At home, the number one issue affecting Canadians is affordability. At the grocery stores, at the gas pumps and at retail shopping locations, prices keep going up and up. Our purchasing power is shrinking faster than at any other point in the last 30 years. This is a silent tax that hurts the economically vulnerable and those on fixed incomes, such as seniors, the most. There are several ways the government can address this, and we heard some of them at committee. We can reform competition policies and help lower prices for consumers by increasing competition in key sectors, which includes banking, air travel and telecommunications. If we believe excess profits exist in these industries, the answer is not additional taxes to increase government revenues. Rather, consumers should capture these excess profits in the form of lower prices. We should reform the one-for-one rule on regulatory burden. Instead of taking out a regulatory rule for every one we bring in, why do we not just cut the regulatory burden by 50% over five years? Let us be ambitious. We can quicken the implementation of the beneficial ownership registry for Canadian corporations that look to the Canadian market to hide assets in the form of money laundering. Most of those laundered funds end up in real estate, which distorts our local real estate markets. Just last week, the Bank of Montreal indicated that in six years there has been a threefold increase in housing prices in Orillia, which is in my riding. How can we expect young Canadians to look at this country and think that home ownership is in the cards for them? We need to focus on economic growth. We have seen an unprecedented growth in the size of government by every available measure, but at this point we must focus on the private sector to take advantage of the entrepreneurial spirit of Canadians. The government has seemed more interested in wealth redistribution than it is on underlying economic growth, and this must change. We do not need new superclusters or national consultations distorted by well-connected lobbyists and rent-seekers. We must create an environment where businesses of all sizes can thrive. Businesses that grow create jobs and pay taxes. An overarching opportunity following the pandemic is the rapid deployment of high-speed Internet across all regions of the country, and that is very important to the people in Simcoe North. It is nice that, as we heard just today, the government might be subsidizing and working with those who are of low income so they can access high-speed Internet, but this really will not help those who do not have access to high-speed Internet in the first place. Tax policy that penalizes success also drives investment away. It is not a surprise that in the year following the changes the government made to the marginal tax rates in 2016, the government received far less revenue than it anticipated. These short-sighted policies can drive businesses, jobs and tax revenues to other jurisdictions. This hurts Canada through lower tax revenues that are used to fund social programs enjoyed by all Canadians: health care, retirement security and, of course, education. Furthermore, industry-specific tax policy is a very poor idea. The government should set a consistent rate applicable to all sectors. Capital can move freely across borders, and in some sectors, like financial services, companies can shift operations and profits to other jurisdictions. Additional taxes on oligopolies are only going to result in higher prices for consumers or lower levels of investment. We must carefully understand the negative impacts of certain tax policy changes. For example, the luxury boat and car tax we heard at committee will only increase the sales of these products in foreign markets, notably the United States. This will drive investment, jobs and taxes out of Canada with very little revenue increase for federal coffers. My riding has one of the largest freshwater marinas in the world, plus another dozen or so other marinas. This is going to take jobs out of my community and will hurt the people of Simcoe North. When it comes to fiscal responsibility, now is the time to make a new path. The Bank of Canada indicates that the economy is robust and is operating near full capacity, which means additional fiscal expansion will just create inflationary pressures. These warnings are coming from all corners of the country. It has been almost 10 years since the federal government underwent any serious scrutiny of its spending, and it is unhealthy for an organization of its size to go this long without reviewing its expenditures. It is even more important now to rationalize our non-core expenditures to focus on priority areas, including our national defence. We must support our allies, such as Ukraine and those in NATO, and we need to be able to defend our Arctic sovereignty. Pulling forward defence expenditures to displace other planned spending is a sacrifice that Canadians are willing to make in the face of increasing threats from the Russian Federation. Additionally, the government is going to see a windfall of revenue resulting from persistent inflation, higher-than-expected oil prices and, yes, higher taxes. These excess revenues should be used to reduce the size of the deficit or provide relief to Canadian families in the form of tax holidays. Significant deficit spending at all stages of the economic cycle will have a protracted impact on the fiscal sustainability of government finances. It will threaten our AAA credit rating, which is only going to drive up the cost of borrowing. We cannot continue to erode the country's fiscal position with no plan to rein in unnecessary expenditures. The ability of future governments to deal with the emergencies of their time depends on the responsibility of our government today. We also must think about the overarching regulatory framework in the country with respect to financial regulation. We are still waiting for open banking regulations. We are still waiting for the government to get serious about innovation in the financial services sector. However, we need to consider asking our agencies to get back to basics. The emerging housing affordability issue and related financial system vulnerability expose serious concerns about the effectiveness of our regulatory system in Canada. We have agencies on one day saying one thing about the housing market, and on the next day, a different agency says the complete opposite. That cannot be left to continue. We also need to make sure we have the right people and HR strategy to attract those who have knowledge about the financial services sector to help us through this transition. Finally, there are a few items I would like put forward that we heard at committee that the government should be considering. We talked about high-speed Internet. We need to re-establish the Lake Simcoe cleanup fund. We have to fund the Great Lakes Fishery Commission. We have to implement a two-year ban on purchases of real estate by non-resident Canadians. Let us take the wind out of the sails of this red-hot property market. We have to follow through on the existing mental health and addictions commitments for an opioid addiction strategy. Finally, we need to ensure that we can introduce employee-owned trusts that will help our business owners transition business interests to employees. I hope we will make some headway on affordable housing and all kinds of housing in this budget.

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Context: House Hansard - 42 - Mar/21/22

Mar/30/22 3:08:53 p.m.
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Mr. Speaker, do members know who benefits from inflation? It is the government. Next week the federal government is going to announce record revenues from higher taxes, higher oil prices and inflation. Canadians want to know how the Liberal-NDP government is going to use this windfall. Will it provide relief to Canadians through tax holidays? Will it reduce the size of the deficit, or will it just spend more money, which everyone agrees is going to create more inflation?

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Context: House Hansard - 42 - Mar/21/22

Mar/21/22 12:55:32 p.m.
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Madam Speaker, to clarify, while I find some portions of the NDP motion acceptable, I do not think we can support the motion in its entirety as it is currently written. I do not believe that growing the size of government is going to address the cost-of-living crisis. My submission would be that we need to let consumers take these excess profits from companies in the form of lower prices. In fact, with respect to public transfers and what we would do with money should we have an excess amount of revenue, and by the way government revenues are increasing substantially during inflation, absolutely, we should be giving no-strings-attached additional money to provinces for health care transfers and other social programs. I think the provinces well understand how to best use that money to support their own jurisdictions. I would support my hon. colleague with that suggestion.

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