Clause 30 is in respect to the climate action incentive credit. I just want to take the opportunity to briefly set the record straight, because it was right here in the finance committee—if you don't believe me, just pull up the Hansard—that the Governor of the Bank of Canada, Tiff Macklem, said that 0.6% of inflation was directly responsible for the carbon tax. That was prior to the April 1 increase, so now it's actually 0.8%.
That's in the Hansard. That's exactly what Mr. Macklem said. He'll be here, so if you don't believe me, please, I encourage you to ask him during Thursday's session.
That's more than a third of inflation. In fact, if we remove the carbon tax—according to Mr. Macklem's calculation, not mine—we would then be within the range of inflation that the Governor of the Bank of Canada has set , which then would set the stage for decreasing interest rates and reducing everyone's mortgages. I know every single one of us has talked to a constituent who has said that their mortgage is too high and too expensive and they're close to losing their home.
All we have to do is scrap the carbon tax.
Also, the PBO, in another bit.... Like I said, I'm just trying to be an advocate for the truth, specifically with respect to the carbon tax.
Liberals will say that eight out of 10 Canadians are worse off. That's just not true. You have to take into account both the fiscal and economic impacts, because you can't live in a country without economic impacts. When you take account of both the direct costs and the indirect costs of the fiscal or economic costs, the majority of Canadians are worse off, even with the rebate or the incentive. Those are the facts. That's the reality, guys.
I would just love it if we could speak honestly about the carbon tax and let Canadians decide.
Thanks very much.