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Decentralized Democracy

Kevin Vuong

  • Member of Parliament
  • Member of Parliament
  • Independent
  • Spadina—Fort York
  • Ontario
  • Voting Attendance: 62%
  • Expenses Last Quarter: $144,966.01

  • Government Page
  • Jun/9/23 12:01:33 a.m.
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Mr. Speaker, the Governor of the Bank of Canada confirmed this week what many have long suspected, which is that the carbon tax increased inflation. The bank has also been forced yet again to increase its key interest rate to 4.75% in an attempt to try to get a handle on inflation. The prime rate is now a staggering 6.95%, the highest it has been in over 20 years. If the financial markets are to be believed, analysts predict that the Bank of Canada will have to continue to increase interest rates. This is hurting Canadians. In previous questions, given the very real and tough financial situation Canadians are facing, I asked that the government consider temporarily lowering the proposed carbon taxes. However, instead of thoughtful deliberation, I am often met with a barrage of indignation about not caring about the environment. It is as if the only two positions available on the issue are these: I love and support the Liberal position, and, thus, I am clearly a person who cares about the environment. Otherwise, I do not blindly support the Liberal position, which apparently makes me an anti-science, right-wing loon stick. Mr. Speaker, give me a break. I care about the environment just as much as any Liberal does. However, I also care about Canadians who are struggling to make ends meet. I care about people not being able to buy a home in their lifetime and not having to wait 25 years before they can save enough for a down payment. I care that people are unable to put food on the table. More than a quarter of a million people visited the Daily Bread Food Bank. This is the highest number of visits in its 40-year history. Does that not give the government pause? Is there really no one who is saying, “Hold on; something is not working here”? Before the parliamentary secretary jumps into her grocery rebate talking point, the money that they talk up, which is Canadians' money that the government is giving back, is honestly not going to go very far these days. Given the state of food inflation, it is not going to buy more than a couple of weeks' worth of food for a family of four, if that. The Governor of the Bank of Canada attributed 0.4% inflation to the carbon tax. I did some quick math to see what that 0.4% inflation will cost Canadians. I want to put it in perspective on a matter that I think matters for a lot of people right now: housing. According to the CMHC, the average mortgage in the first quarter of this year was $320,298. Thus, the carbon tax’s 0.4% in inflation is costing Canadians $1,281 per year in interest. When people are having to live paycheque to paycheque, that extra $107 per month in housing costs can mean someone having to skip a meal. Canada Day is less than a month away, and to help Canadians celebrate it, the government is adding yet another carbon tax: the clean fuel regulation. Aside from these never-ending taxes and interest rate hikes, the government also continues to be oblivious to tax cascading on gasoline. I for one did not campaign on the taxing of taxes. In the face of inflation-ignited economic pressures and staggering costs for Canadians, how, in good conscience, can the government continue to pick the pockets of consumers at the gas pumps? I do not think it is right. Therefore, I call upon the government again to axe tax cascading. I also ask that it seriously reconsider its economy-debilitating and inflation-producing carbon tax policy.
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  • Apr/19/23 3:15:23 p.m.
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Mr. Speaker, most Canadians know that the federal carbon tax is a farce. It siphons 14.3¢ a litre from the pockets of consumers. It increases the cost of living. It contributes to inflation and it causes even higher food prices. Sadly, the carbon tax does little to fight climate change. Equally disturbing, there is tax cascading, where the government levies the GST on all the other gasoline taxes. It is taxing taxes. If the Prime Minister wants to provide a meaningful, sustained rebate to financially struggling Canadians, why does he not lower his carbon tax cash cow and axe the tax on gasoline taxes?
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  • Apr/19/23 3:14:51 p.m.
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Mr. Speaker, most Canadians know that the federal carbon tax is a farce. It siphons 14.3¢ a litre from the pockets of consumers. It increases the cost of living. It contributes to inflation and it causes even higher food prices. Sadly, the carbon tax does little to fight climate change. Equally disturbing, there is— Some hon. members: Oh, oh!
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  • Nov/1/22 6:21:51 p.m.
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Madam Speaker, what my colleague did not read from the government talking points is direct research that analyzes the impact of the clean fuel standard. This research by Professor Ross McKitrick found that the net international effect of this is likely to be an increase in greenhouse gas emissions. I want to ask my hon. colleague, who appears to be just as oblivious as the government to the harsh realities facing so many Canadians, if it would be possible to at least delay the implementation of the second carbon tax by six months. This is not a political thing; it is the right thing to do for Canadians who are struggling.
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  • Nov/1/22 6:16:06 p.m.
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Madam Speaker, I welcome the opportunity to further debate the government's second carbon tax: the clean fuel standard. As I alluded to in my initial question, it would be unconscionable for the government to proceed with introducing a second carbon tax, one with limited efficacy, at a time when Canadians are facing incredible financial hardship. This is no game. It is very real. I ask the hon. member to pretend for a moment to be a pensioner living in Atlantic Canada where most people use oil to heat their homes. This new tax will further increase the cost during a long, cold winter. Perhaps my colleague could imagine being part of a family of four in downtown Toronto as they dread the weekly trip to the grocery store. Food inflation is at 11.4%. It is the highest in 40 years. Half of Canadians, me included, have only ever known this to be the highest in their lifetime. People are struggling to put food on the table and some are going without a meal. Canadians also worry about being able to make their rent payment or their monthly mortgage payment. Can the hon. member please explain why the government would want to proceed with a second carbon tax that will increase household energy costs by up to 6.5%? That is an additional annual cost of $1,277.
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  • Oct/21/22 12:08:04 p.m.
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Madam Speaker, a report by economist Ross McKitrick has exposed the true cost of the government's clean fuel standard. This second carbon tax would increase per-household energy costs up to 6.5% a year. That is an extra tax of $1,277 annually. With food inflation at 11.4% and families struggling to afford basic necessities, the government is going to make things worse, a lot worse. The government says this tax would reduce Canada's carbon intensity footprint. Will the government admit that it would be minimal at best and achieved on the backs of Canadians working in the bleak economy predicted by the finance minister?
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