- Member of Parliament
- Member of Parliament
- NDP
- Courtenay—Alberni
- British Columbia
- Voting Attendance: 66%
- Expenses Last Quarter: $148,159.67
- Government Page
Madam Speaker, I just want to refer back to oil and gas. In this place, we continue to see the Conservatives try to focus on a diversion. They talk about the carbon tax. Last year, it went up two cents. The oil and gas profits went up 18¢ on every litre of gas; the Conservatives do not talk about that. We do not need oil and gas lobbyists here on Parliament Hill when we have the Conservative Party right here in the House of Commons.
I would like to ask about the true cost of oil and gas companies' not paying an excess profit tax right now. Big corporations are getting off the hook when it comes to not paying their fair share in countries such as Canada and Ukraine. What impact does that have on the economy, and how does apply it to trade agreements when we look at corporations getting off the hook?
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Madam Speaker, it is an honour and a privilege to rise today to speak to Bill C-56, an act to amend the Excise Tax Act and the Competition Act.
We know that the bill calls for two important aspects: to remove the GST from construction costs on new rental units and to enable the Competition Bureau to conduct better investigations, while also removing efficiency exemptions during mergers to improve competition.
With respect to the removal of the GST, the New Democrats have been calling for this, but it will not meaningfully reduce rent payments or create social and co-operative housing effectively, and we absolutely need that. However, the bill would be part of a bigger comprehensive approach that we want to move forward to address the affordable housing crisis.
With respect to the Competition Act, the bill is a start at reining in and regulating monopolies, but it would not go far enough to support Canadians on their desire to control these monopolies and the impacts they have on our economy.
We know that in the eight years the Liberal government has been in power, it has been the New Democrats who have been bringing forward solutions to get help for people, like this GST removal on housing, although it would not go far enough or have enough restrictions to deal with competition.
I am going to speak about a couple of things. We know the bill is a little too late with respect to the housing crisis, but I will speak to that first.
Le us look at the impact of housing. I am the critic for the NDP for mental health and substance use. We know that the cost of housing is escalating. There is a lack of affordable housing and the available occupancy rates are at historic lows. This is having a huge impact on people's mental health and stress levels, and this is a long-standing issue
When there was a minority government in 1972, the NDP worked with the Liberals to create the national housing strategy, which developed 18,000 to 25,000 units a year until 1992. In fact, I am one of the many Canadians who grew up in co-op housing, so I am a beneficiary of that housing. I lived first-hand the experience of having safe and secure housing for my family and my parents. I saw what that could do. In fact, I can go back to that co-op today and see many of the people with whom I grew up. Their kids and their grandkids are living there as well.
However, since the Liberals pulled out of the national housing strategy in the early 1990s, both the Conservative and Liberal governments consecutively failed to dive back in. As a result, we have lost between 18,000 and 25,000 units a year for over 30 years. Now our non-market housing availability is at 3.5%, and we do not have to look far to see what 3.5% looks like.
If we go outside the doors of the House of Commons, we will see homeless people. I can go to Port Alberni, a medium-sized city in my riding, or a small city in my riding, and I will see homelessness. We can go to any big city and we will see homeless people everywhere. However, we can go to Europe, where places like the Netherlands is at 35% non-market housing and Vienna it is at 60%, and we will not see the scale of homelessness that we see in our country.
We know it is so much more expensive to not provide people housing. There is the cost to hospitals, a cost to all our systems. It could eventually impact our prison system, as we know.
Ben Perrin, the former public safety adviser for the Stephen Harper Conservatives, hosted an event the other night. He has a new book called Indictment, about the reform of Canada's justice system. He talked about how the lowest cost approach was to put people in proper housing. That would cost a fraction of what it would cost if we did not, in terms of the prison system, hospital system and health care system. We need to get back into affordable housing.
We keep hearing this from the Conservative Party. We heard the leader of the Conservative Party talk about divesting, selling off 6,000 government buildings and the divesting of 15% of public lands. What would that look like? We just saw what happened in Ontario with the Conservatives under Doug Ford. It looks like profiteering, profits for developers. In fact, a handful of developers would have made $8.3 billion almost overnight, donors of the Doug Ford government. This is what it looks like when Conservatives divest public lands. Public lands belong in public hands, not in the pockets of developers.
The B.C. Liberals, who have now rebranded themselves as B.C. United, did the same thing. They sold off $493 million worth of public lands to the private sector, to donors of their party. That was worth $860 million just a couple of years later.
The Conservative ideas of selling off public lands ends up in the pockets of developers. We need to fix this. I am bringing forward a plan to do that. We know we need 3.5 million homes just to meet the demand by 2030. This is going to take a wartime-like effort to do that. We have to work together in the House if we are to achieve that. We have to remove barriers, and we need to provide guidelines and regulations so we do not have another Greenbelt or the scam like we saw in British Columbia, when the Conservative and the right wing get into government.
We need to ensure a regime is put in place. I put forward a motion at the government operations and estimates committee to do just that, to look at selling or leasing. We should not ever sell public lands. That should never, ever happen. We should only lease public lands. Public lands belong in public hands. I cannot say that enough.
If we do lease or use government buildings, it should be done with free, prior and informed consent of indigenous peoples whose lands we live, work and reside on. Also, they are the most impacted when it comes to homelessness, overcrowded housing and housing needs. They have to be part of the conversation; they cannot be left out.
I urge all of us to work together to provide regulations so that we never see a Greenbelt-style divestment of housing or government lands. That is not going to create affordable housing. That is not going to solve our housing crisis.
We heard from Leilani Farha, former special rapporteur on the right to adequate housing, regarding this bill, which lacks a lot. She said, “I thought we were worried about affordability for tenants not developers! Average rents in Canada are now more than 2,000/mos. If the GST waiver is going to make a difference it must be conditional on building affordable units. Public value for public dollars.“ I want to thank her for that comment.
When I talk about how 3.5% of our housing is in non-market housing right now, over 30% this year is in corporate interests in REITs. We have seen corporations buy up a large amount of our residential housing stock. That needs to stop. We need to get to the opposite. It should be 30% non-market housing and 3.5% corporate housing. That is the problem. It has to get flipped on its head.
I will speak quickly, because I only have a couple of minutes left, about the Competition Act. Loblaws, Sobeys and Metro had $3.6 billion in profits, and that went in the pockets of the owners. The co-op in my hometown of Tofino had $12 million in sales in groceries, $16 million at the gas bar, $28 million in overall sales, and they gave back a 5% dividend to their members. They kept 0.5% for capital costs and improved services.
We need to ensure we have an excess profit tax on these excess profits for grocery store owners, and use some of that profit to support models like the co-op model. We know that that 5% went back into the hands of the people in my community. With the private sector, that money went into the pockets of people like Galen Weston. That needs to be discouraged. We need to find a better way forward.
We hear the Conservatives talk about the impact of the carbon tax. It is 0.15% of inflation, according to the Government of Canada. Eight in 10 families get it back. What they do not want to talk about is that they are fighting for the two in 10. It is a diversion tactic. The Conservatives do not want to talk about who they are really fighting for. If we do not do anything and put a price on carbon, then it is shouldered by the eight in 10 of all Canadians. If we do nothing, then there will be a carbon adjustment at the border, but the Conservatives do not want to talk about that. That would cripple industry in our country.
The truth is that grocery store prices have had a 56 times increase than the carbon tax impact on food and services, and 26 times in terms of the corporate greed and profit when it comes to grocery stores. I want to put things in perspective.
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Madam Speaker, first, I want to congratulate my colleague on his election.
One thing I did not hear in his speech was about corporate profits when it came to grocery prices. We know that corporate profits are contributing over 25 times the impact than the carbon tax, according to the Governor of the Bank of Canada. He cites that the carbon tax is 0.15% in terms of its contributions to the overall impact of inflation.
I would like to hear whether my colleague believes there should be an excess profit tax on the big grocery stores like Sobeys, Metro and Loblaws, which had a $3.6-billion profit just last year alone. We saw grocery prices skyrocket. I hope my colleague can talk about the corporate greed and the impact that is having on inflation.
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- Dec/8/22 12:39:31 p.m.
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Madam Speaker, there are a couple of things that the Conservatives have broken promises on. They broke a promise to bring in a price on carbon. They broke a promise to remove the GST on home heating, which is something they had in their last couple of campaigns. Then they brought forward a motion today that is unenforceable in many of the jurisdictions in this country.
We need to have a real conversation. The member talked about the disconnect with the debt, but what she did not talk about is the disconnect with the record profits. We do not need experts. Everyday Canadians know that big corporations are having record profits in the hundreds of billions of dollars, and the government is not charging an excess profit tax like many countries. The U.K., Germany and other Conservative governments around the world have an excess profit tax. Germany also has a carbon tax, as does the EU, Japan, U.K., New Zealand, Sweden and Norway.
When will the Conservatives get on board and understand that we need to make sure that some of those excess profits are returned to Canadians to help take the pressure off them?
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- Dec/8/22 10:57:18 a.m.
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Mr. Speaker, we also agree that putting a price on carbon is critical. In British Columbia it was actually the right-leaning BC Liberal party that brought in the carbon tax in 2009, but it is now supported by all provincial parties, because we understand the impacts of climate change. We have seen Lytton burn down. We have seen flooding. We have seen the impacts of climate change, which I have talked to my colleague about a number of times.
My concern here, and I share this concern with the Bloc, is that there is no excess profit tax on oil and gas companies right now. We have seen the U.K. take leadership, as well as other countries around the world. We have seen over $100 billion in record profits for the oil and gas companies, but we see Liberals and Conservatives standing side by side, letting them get a free ride.
It is unacceptable, because that money could be used for taking pressure off people today by removing the GST on home heating, which would apply to electric heating, something that Conservatives had in their platform but do not support today, as well as removing the unacceptable 39.5% surcharge on Canada Post.
Will my colleague finally charge oil and gas companies the excess profit tax that they should pay and take the pressure off everyday Canadians?
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Mr. Speaker, it is an honour and privilege today to have an opportunity to rise to speak to Bill C-32 on the fall economic statement. We know people are struggling. The cost of goods and inflation are skyrocketing. The rising interest rates are having a huge impact on people's budgets and to families in our communities, especially in my riding of Courtenay—Alberni.
We are pleased to see some of the things that are in this budget, such as the Canada recovery dividend and the elimination of interest on student loans, which is something that we have been fighting to get for a very long time. We believe there is a lot more the fall economic statement should have offered and did not offer. I am going to speak to that as well.
We know that while people are struggling, there are many big corporations that are having record profits. Whether it is oil and gas, the big banks, or Loblaws and the others of three big grocery store chains, they have had record profits.
We would have welcomed a windfall tax, but we did see there was a small 1.5% tax on banks and insurers that have profits over $100 million. We would have liked to see that expanded to include those other sectors that are having windfall profits right now.
The government could have used that money to eliminate the GST on home heating or could have gotten rid of the surcharge on Canada Post being implemented right now. During this holiday season, that is having a huge impact on small businesses. Natalie Weekes, a friend of mine, just wrote me about that. As well, consumers are trying to get presents to their families.
Members have heard me speak about mental health and the disastrous effects of the government not implementing a mental health transfer. It promised $875 million of new money that it has not spent so far to date, and that is creating backlogs in our health care system.
Members have heard me talk about the substance use assistance program, with the Liberals only funding 14% of the applications that are coming in when we know there is a toxic drug crisis happening.
Members have heard me speak many times about the need for co-op housing. As someone who grew up in co-op housing, I know how critically important it is to have safe, secure housing. When the Liberals got out of the national housing strategy in the early nineties, they were developing and building 25,000 units a year. They are now building a measly 6,500 units, and we are in a housing crisis.
We know the free market will not solve the crisis, and 10% of our housing in the seventies and eighties was non-market housing. We are now below 4%. Europe is at 30%. It understands that housing is not just a commodity, which is the way it is being treated here. It is a critical for people to have a safe, secure home.
Members have heard me speak about those many issues. One area and one group that we do not talk enough about are our first responders. We have a crisis there too with our volunteer firefighters, our search and rescue volunteers and the people who are out there day in, day out. They work jobs, and they are doing this as a volunteer job.
They go out in the rural communities where I live and where many of my colleagues live. We all know the value of those first responders and the sacrifices they make to make sure we are safe. This week, we have the Canadian Association of Fire Chiefs here, and they are lobbying right now.
I am going to read a quote from an op-ed by Chief Ken McMullen and Chief Tina Saryeddine that was in the Hill Times this morning. They said, “The climate crisis, health-care crisis, and personnel shortages in Canada's fire departments are converging, causing increasing strain on Canada's fire-fighting capacity.”
They continued, “This year, 629 fire departments [are] providing services to 24 million Canadians”. They have seen the number of firefighters drop from what was 156,000 to 126,000. Their crisis is a labour market shortage and attraction. We know the inflation crisis is impacting everybody, but it is impacting volunteer firefighters too.
I tabled a bill, Bill C-201, calling for the federal government to increase the tax credit for those who volunteer over 200 hours from $3,000 to $10,000. They would basically get $450 in their pocket if they did 200 hours today, and that would expand to over $1,200 if we went for the $10,000 amount.
The cost to the coffers right now in Canada is $10 million to support all of these volunteer firefighters right across the country and that includes 8,000 search and rescue volunteers. That are a lot of people who would be impacted. I know it does not sound like a lot, but I will provide an example.
The Qualicum Beach fire chief, Peter Cornell, who is in a recruitment drive right now, just like almost every volunteer fire department in this country, said that it would be a game changer. He said it would be so important and would help keep those firefighters in the community, making sure that they meet their requirements and their hours.
That is not why they do it. We know why they do it. They do it to protect us and because they love their communities. Also, not only do they put their lives on the line, but also they put in time for training. This would also help small communities and take the pressure off them.
We know that volunteerism is decreasing and volunteer fire departments in my riding, from Ucluelet, Tofino, Beaver Creek, Cherry Creek, Sproat Lake, Errington, Coombs, Cumberland, Parksville, Qualicum, Bowser, Denman Island, Hornby Island, Lasqueti Island and Cumberland, just to name a few in my riding, tell us that this is a big deal, and it is important. I wanted to raise that because far too often our heros fall through the cracks.
I hope the government will listen to this pitch today because it is something first responders have said will make a difference. I know it is not in the fall economic statement, but I hope the government will consider it for the upcoming budget. I have many quotes from many of the fire chiefs, but I do not think we have time for me to go into all of them.
Another thing is that the FCM has their reps here from British Columbia with respect to climate adaptation, and we know the government just made an announcement. They welcomed the release of Canada's national adaptation strategy just two weeks ago and the news of a one-time transfer of $530 million to the green municipal fund.
From my riding I have Will Cole-Hamilton, who is a councillor for the City of Courtenay, and Daniel Arbour, who is a local area director from Hornby Islands. They are here calling on the government to increase that. They cite that it is going to be $25 billion in losses relative to a stable climate scenario because of the impact on climate emergencies. They want to be partners but they say that it is going to cost $5.3 billion per year in shared costs to ensure that they can avoid the worst impacts of climate change. I wanted to raise that because they are here and they are calling for that.
Another small thing that just does not get talked about is seaweed. The Speaker is from the coast and knows how important seaweed is. It is a great opportunity for economic development, but the current wait time in B.C. for an aquaculture licence is three to five years.
The government could have helped support fast-tracking that. It is just too long for B.C. businesses and farmers to build a thriving seaweed enterprise and sector that would compete with the global sector, so the renewing of these licences is too slow. They need DFO to ensure that its staff are there to so we can move this forward.
This is not just important to the ecosystems and coastal communities, but to indigenous communities as well, so it is a really incredible opportunity for both the environment and the economy. Many indigenous nations are looking at seaweed as an opportunity for economic development, but they need to make sure this is moving forward. It is a great opportunity, which I wanted to flag here.
In my riding right now we have aging infrastructure. In Port Alberni, our pool is aging. Parksville wants a new pool. Out on the west coast in Tofino, Ucluelet, Ahousaht, Tla-o-qui-aht, Yuu-cluth-aht, Toquaht and Hesquiaht, they want to build a pool out at the Long Beach Airport. However, the investing in Canada infrastructure program and British Columbia partnership is tapped out right now, so they want to see the government replenish that because we know how important it is to live, work and play in our communities. Also, when we have recreation facilities, that lowers our health care costs. It is good for tourism in a place like the west coast, especially in my riding, which everybody should come to visit because it will change their life. It is a great place. These facilities desperately need funds so they can advance this. It is really good for people who have been injured in the workplace so they can rehabilitate themselves.
Therefore, I urge the government side to look at and consider these things. They were missing in this fall economic statement, and I have not had an opportunity to raise these really important asks from our riding of Courtenay—Alberni.
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- Oct/20/22 1:36:24 p.m.
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Madam Speaker, that is hogwash. The NDP has actually been wanting Amazon and the big corporations to pay their fair share.
While people cannot afford to pay their home heating costs, which is the debate we are having today, the IMF is saying it is actually runaway corporate greed and CEOs who are making record profits in oil and gas, the banking sector and the grocery stores. To help interpret for my Conservative colleague, it is the triple greed that has taken hold of this country. I am calling on the Conservatives to stop being the gatekeepers for big oil and big corporations. Will they today tackle the triple greed?
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- Oct/20/22 1:05:36 p.m.
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Madam Speaker, I agree with the question that just came from the Bloc. We know that oil companies have had record profits, $147 billion last year alone. We have seen that with grocery stores. We have seen it with the big banks.
I agree with my colleague that we need to invest in clean energy and support people so they can be energy efficient, and we can lower costs on clean energy. The only way we are truly going to get there is by ensuring that big corporations and CEOs pay their fair share.
My colleague supported an NDP motion just this week to ensure that grocery store CEOs and big companies pay their fair share. Will she support the NDP's call to ensure that oil and gas companies and the big banks pay their fair share? When will the Liberals finally act?
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Mr. Speaker, I am really glad to see that everybody in this House supports an NDP proposal to double the GST tax credit to help people who have been the hardest hit by inflation.
We have been hearing from Conservatives all day about getting rid of the carbon tax, yet they forget to talk about taxing the oil and gas companies, which are having record profits while prices at the pump are skyrocketing. In Great Britain, the Conservative government there went and charged a 25% excess profit tax and gave it back to people who live there.
Does my colleague not agree that the Conservatives just do not want to talk about making the big oil corporations pay their fair share and taking a load off everyday taxpayers? Instead, they want to scrap a tax that is an investment. It goes back to eight out of 10 Canadians. We want to make sure polluters pay their fair share. Maybe my colleague can speak to that.
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Madam Speaker, I will be splitting my time with the member for Victoria.
It is a huge honour to rise today on Bill C-30, to help provide relief for the cost of living and double the GST tax credit. It is really great to finally hear that the Conservatives are getting on board with an NDP proposal, as well as the Liberals. We have been calling for this for a long time. Our leader has been calling for this since early in the year, to provide targeted relief to people who are being hit the hardest by inflation.
When I talk about inflation, we are seeing a 41-year high in the rise of inflation and the prices of groceries, 10.8% just in the last year. I was just at the Port Alberni Friendship Centre at the elders luncheon. I was talking to elders, and they were telling me how unaffordable it is getting. People are living in already compromised housing, in precarious situations, struggling to make ends meet, to pay for groceries or cell phone fees or to put gas in the tank. They are being hit from all sides.
When I talked about these measures, albeit small, it is so important to them to get this relief quickly. I am really hoping that the passage of this bill would happen quickly so that we could get support to those Canadians who receive the goods and services tax credit. The doubling of this credit would make a big difference for them in the next six months. In fact, it would help provide relief for over 12 million Canadians, which is a lot of people who are really feeling the pinch.
I talked about what people are feeling and the pressures they are feeling. I do not know why the Liberals took so long to do this, but they did come on board. They also provided an excess profit tax on the banking industry, which is going to generate about $6 billion over five years. That is really important, because it could help provide relief for Canadians who are struggling the most. However, the Liberals left the oil and gas sector off the hook. They left their friends in the wireless sector off the hook. They left their friends in the grocery store chains that are making massive profits off the hook.
In the meantime, these inflationary prices are being shouldered by everyday Canadians while these corporations are making record profits. If the Liberals had applied that excess profit tax to those other sectors, we would have had a lot more money to help everyday Canadians who are really experiencing difficult times due to increased inflation. Also, the Liberals have not addressed tax havens. We know the PBO said that this is costing about $25 billion in tax revenue every year. CEOs get a tax advantage on their wins ahead of everyday Canadians. They get tax preferences.
When I look to the Conservatives, they have not brought any new ideas to help provide relief to Canadians. Great Britain applied an excess profit tax on the oil and gas companies of 25%. Why do the Conservatives in Canada not do that? It is because we know they are the gatekeepers for the big corporations. They are here to protect the profits of shareholders and the big corporations.
We hear them talking about the increase to CPP and the increase to EI, and they call them payroll taxes. I was self-employed for 15 years. I ran a chamber of commerce for five years that was runner-up for chamber of the year in British Columbia. These are not taxes. These are actually investments in the employees. It is retirement security. In fact, it was Conservative premiers who were calling on Ottawa to ensure that we increase CPP contributions so that people could retire with dignity. People cannot afford to retire with what they are getting right now. It is leaving people vulnerable. These are not taxes. This is about employers matching their employees' contributions so that they have more money to retire on. These are deferred wages. The increase in EI is to ensure that if people lose their job or there is a disruption in the workplace, they are protected. It should be all of our parties looking after the employees.
When we talk about what we are trying to do, this is just one suite of benefits. We are bringing forward a dental care plan and we are glad to see the Liberals get on board, but it is disappointing to see Conservatives not supporting getting dental coverage to people.
I keep hearing from Conservatives that 70% of people across Canada are covered by a dental care plan. Penny just wrote to me from my riding and said, “I have to save for two to three years to cover my share of the dental cost for upper and lower dentures. Too many seniors cannot afford dentures, let alone dental repairs like root canals or major work they need badly. They are at the age where their teeth start falling out and dentures are needed.” Penny needs help.
I raised this here in the House. My friend Ted, in Parksville, has lost his teeth. He has one tooth hanging out of his mouth. He cannot eat. He has fallen into depression, and he has lost 40 pounds. He is saying this plan is going to make a big difference for him. When I raised it in this House, a Conservative MP said that Ted needs to go back to work. That is what the member for Sherwood Park—Fort Saskatchewan alluded to. Ted is 77. It is not okay to send Ted back to work so he can put teeth in his mouth and eat. That is not okay.
Laura from Courtenay writes, “My daughter is in dire need of a root canal on her second last upper molar. She's in pain. The dentist has booked her in as soon as possible, August 16. However, for some reason, her medical needs are not covered under our health care and I'm not sure why this is as it's a medical emergency.” She talks about the threatening aspects of dental care. “Left untreated, dental abscesses can lead to serious complications, like a stroke, heart attack or life-threatening sepsis”, she says. “Why are my child's health care needs not being taken care of by our health care system?”
I think it is mighty rich when I hear Conservatives who have dental care coverage vote against a dental care plan. Is that not unbelievable? It is okay for them to have dental care coverage, but not for the most vulnerable.
Dermot, who lives in Qualicum Beach, says, “As my income is below the threshold you mentioned, I am retired and thus uninsured, this affects me. I know that you take pride in the role your party played in the introduction of medicare all those years ago.” New Democrats are proud because we need a health care system that is truly head to toe.
I am the critic for mental health and harm reduction for the federal NDP. We need mental health care. We need parity between physical and mental health. The Liberals promised $4.5 billion a year ago. They said they were going to work with the provinces so that people can get mental health care when they need it. People need mental health care, and they need it now. It is clogging up our health care system when people are in emergency rooms and actually need health care supports.
The federal Liberals have dropped the ball in terms of ensuring that we have a truly head-to-toe health care system. We are still waiting. We know they can do it. We saw them do it with child care. It took one year. They worked out a deal with the provinces. Why are they not doing that when it comes to mental health?
We need to help people when they need it. We are committed to that. Through COVID, it was increasing CERB to $2,000 and the wage subsidy from 10% to 75%. With the commercial rent assistance program, although it was boondoggled, New Democrats helped them fix it, as well as the paid sick leave, and now we are bringing in rent relief, dental care and the doubling of the GST tax credit. We are going to continue to show up with proposals to get help to Canadians now.
It takes forever to get the Liberals on board. There are many more things we can do. We know that the housing crisis is absolutely having a massive impact. The Conservatives love to throw mud at the Liberals in the doubling of house prices, but, guess what, on their watch, under Stephen Harper, housing prices doubled, too. They have gone up fourfold under these consecutive governments, making housing out of reach. We need non-market housing for people. Saying that the private sector is going to solve this problem is unrealistic. It has not happened anywhere in the world.
I am calling on all of us to work together to bring forward solutions and for members to work with us. New Democrats are here to work with them. We are glad to see all members in this House supporting this legislation. This is going to provide relief to 12 million Canadians. We can do more, we want to do more and we look forward to working with members.
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Madam Speaker, we are really glad to see the Conservatives finally come on board and support an NDP initiative to get help to Canadians who need help right now.
Here we are, doubling the GST tax credit, something we have been pushing for months. Finally, just yesterday, the Conservatives announced that they are going to support us.
Here we are: We see rising gas prices and rising telecom fees, grocery store prices through the roof and fuel prices through the roof. We see record profits in the banking sector, oil and gas, the wireless sector and the grocery stores.
Does my colleague not agree that those companies should pay an excess profit tax like the Conservative Party put forward in Great Britain? They had the courage to charge a 25% excess profit tax, to give back to the people of Britain and help them with their energy costs.
Does my colleague not agree that they should pay their fair share?
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Mr. Speaker, we are really glad to see the Liberals finally get on board with doubling the GST tax credit to help 11 million Canadians, something the NDP has been pushing hard for, but one thing we believe is that we need to go much further. We have seen oil and gas companies with record profits. Banks have record profits. Grocery store chains have record profits. Telecom and wireless companies have record profits. Fees on consumers are going up in all of those sectors.
We saw the Conservatives in Great Britain create an excess profit tax of 25% on big oil. We would never see that from the Conservatives here, because they are the lobbyists for the oil and gas companies.
Does my colleague believe we need to do more? I see the 1.5% increase on big banks and excess profit, but the Liberals are letting oil and gas off the hook. They are letting the big grocery store chains off the hook. They are letting wireless operators off the hook. Greedflation is taking over. Does my colleague agree that more needs to be done here?
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