- Member of Parliament
- Member of the panel of chairs for the legislative committees
- Conservative
- Calgary Midnapore
- Alberta
- Voting Attendance: 66%
- Expenses Last Quarter: $141,419.87
- Government Page
- Jun/6/23 2:49:30 p.m.
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Mr. Speaker, we have the lowest growth out of all developed countries.
When the budget was released, inflation went up. When the carbon tax increased, inflation went up. Former Liberal finance minister, John Manley, said that these fiscal situations had to be managed otherwise taxpayers would run out of money. Well, the time has come, Canadians are out of money.
When will the Prime Minister commit to eliminating inflationary deficits, eliminating inflationary spending and cutting the carbon tax so that Canadians can have lower inflation and lower interest rates?
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- Jun/6/23 2:48:20 p.m.
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Mr. Speaker, in February 2022, the finance minister said that deficits must be reduced and that this was a line that could not be crossed. We all know now that this was a broken promise. When the budget was introduced, inflation went up. When the carbon tax increased, inflation went up.
When will the Prime Minister commit to eliminating inflationary deficits, eliminating inflationary spending and cutting the carbon tax so that Canadians will have lower interest and lower inflation?
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- Nov/1/22 1:09:31 p.m.
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Madam Speaker, this motion is about an application that was supposed to cost $80,000, but instead ended up costing $54 million. Furthermore, a group of experts said that they could have created this app for $200,000 in a weekend.
What this app represents is so much more than the app itself. It represents the level of government bloat we have come to see under the costly coalition. It represents the lack of transparency that we have come to expect from this coalition. Most of all, it reflects the serious situation that Canada finds itself in now of inflation, and the cause is inflationary spending.
As we know, the bank rate started this year at 0.25%. It recently jumped to 3.75%. It is true that some external factors have contributed to this rate hike. Of course, there is the oil price spike, which began with the recovery of demand after COVID and was made worse by Russia's invasion of Ukraine. That was one of those external factors. Also, China's hyper-restrictive COVID lockdowns disrupted international supply chains. However, there has been a consensus that the main reason for this inflation is inflationary spending by this costly coalition.
An article was recently published by one of my favourite economists, Jack Mintz. In it he points to a study of the U.S. Federal Reserve last July. It concluded that countries with the largest-spending binges tended to have much higher inflation rates. Therefore, this is not something that is unique to Canada; it is something that has been seen as a trend, but certainly something of which the costly coalition is guilty.
We know that Canada's headline inflation rate has eased to 6.9% from a peak of 8.1%, but food costs are still accelerating and underlying price pressures remain sticky. At the same time, the Bank of Canada has hiked interest rates by 350 basis points in just seven months, one of its sharpest tightening campaigns ever, to try to force inflation back to what was supposed to be a 2% target. Unfortunately, the bank last week signalled its tightening campaign was nearing its peak, but made it clear that it was not done yet as it hiked rates by 50 basis point to a fresh 14-year high.
The average family will spend $3,000 more next year as a result of these inflationary effects. Food inflation is at a 40-year high. Grocery prices have been raised by 11.4%, and interest rates are going up. Energy costs are up 100% to 150%, some even 300%, and winter is coming of course. Mortgage payments, groceries, fuel and consumer goods have all gone up.
We talk about what other nations are doing. Other nations have managed to fair much better than Canada. Japan, Switzerland, Taiwan and Hong Kong have all managed to keep their rates below 3%. Other nations are providing tax relief to their citizens. Fifty-one other national governments have provided some form of tax relief. That includes more than half of G7 and G20 countries, and two-thirds of the countries in the Organisation for Economic Co-operation and Development. It found that at least 25 countries were choosing to provide tax relief at the pumps. Australia cut its gas tax in half. The United Kingdom announced billions of dollars of fuel tax relief. The Netherlands cut gas tax by 17¢ per litre. South Korea cut its taxes at the pumps by 30%. India cut gas taxes to keep inflation low, thus helping the poor and middle classes.
Instead, the Prime Minister is also choosing to take more money from the pay of Canadians. If people are making $65,000 this year, the federal government is taking nearly $4,500 directly from their pay through the Canada pension plan and employment insurance taxes. Their employers are also coughing up an extra $4,800. This year, the annual payroll tax bill, including employer and employee payments, increased by $818 for each middle-class worker. Over the past decade, seven of which the Liberal government has been in power, it increased by $2,435.
Our peers are choosing to reduce income taxes.
Former U.K. chancellor of the exchequer Kwasi Kwarteng said, “We believe that high taxes reduce incentives to work”, as he announced payroll tax relief.
Down under, the Australian government said that by putting more in their pockets, families would keep more of what they earned, allowing them to spend more on what they needed, as is provided by permanent tax cuts of up to $2,500 for individuals in 2022-23.
Eighteen countries, including Belgium, Germany and Norway, chose to save their citizens money by reducing consumption taxes.
As we can see, many of the nations I have named have made the choice to provide tax relief to Canadians. The costly coalition, the Liberal-NDP coalition, has not chosen that.
The numbers are in. Canada ran a $90.2 billion deficit last year. That deficit is equivalent to almost $2,400 per Canadian and at the rate of $172,000 of new debt for every single minute of the fiscal year. That is not a small amount. It also means that Canada's total debt now stands well north of a trillion dollars. As of March 31, the Government of Canada also had an accumulated deficit of $1.13 trillion.
We wonder where this is coming from. The Auditor General says that there are $500 million in overpayments to civil servants that need to be collected. A new report from Canada's Auditor General said that 28% of civil servants in its sampling had errors in their pay. If a government cannot even handle the payroll, why should it handle our nation's finances or even our country?
Another example of this wasteful spending is the $12 million to Loblaws for new fridges.
Where are Canadians at with this? Forty-seven percent of respondents in a survey of Canadians felt that their finances had worsened over the last year. Fifty-three percent believe that we will be in a recession next year. Even worse, 30% believe that we are in a recession right now.
Canadians have long forgotten the sunny ways of the NDP-Liberal coalition.
The good news is that relief is on the way. Relief is on the way with a Conservative government. We pledge no new taxes. We pledge the “pay-as-you-go” system. For every new dollar of spending, we must find a new dollar of savings.
The motion today is not just about a $54-million application that was supposed to cost $80,000, which experts say could have been made for $200,000; it is about much more than that. It is about how the NDP-Liberal coalition has lost its way and how it needs to stop the taxes and stop the inflationary spending, now.
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