Mr. Speaker, I am pleased to be joining this debate on what is now the amendment to the amendment of the bill. Sadly, this will be the last day, so I am lucky to be getting a chance to get up and speak in the House. I will probably not get a chance to speak at committee, although the Liberals are saying that it will be a great opportunity for all of us to go there to participate. But I do not think they are expecting all 337 of us to show up at the committee and all ask to speak, and talk to the witnesses and have an opportunity to debate the contents of this bill. I doubt the Liberals are expecting all of us to be there. I would like to see that, as it would be an interesting committee meeting to have all 300-plus members there. I think the best place to have a debate is right here at second reading, so we can have a fulsome debate by all of my colleagues from different political parties, with an opportunity to have their voices and those of their constituents heard.
I would like to thank my seatmate, the member for Calgary Signal Hill, for this opportunity and for moving a subamendment that would add the words “a stagnant economy” after “exemplified by”. On that concept of a stagnant economy, what is happening in Alberta is the direct result of the economic policies of the current federal Liberal government and the provincial Notley New Democratic government. What was a commodity downturn has been turned into a full-blown recession. Although there are hints of a possible recovery, I just do not trust the government to have the best interests of Albertans in mind when it is making policy decisions that will have an influence over that.
Indeed, what we have here is a wholly owned Liberal stagnant economy. The biggest benefit from the Liberals so far today is the so-called middle-income tax cut, which they know would benefit those earning over $100,000 because those are the individuals who will take full advantage of this tax cut. For those people earning just over $45,000 and up to $95,563, they will be able to save a few dollars at most from this, whereas those earning more, including the members of the House, will be able to save all of those dollars.
The Liberals on the other side took away the children's fitness tax credit; they cut in half the TFSA; and they took away many of the other tax credits that the working class and the working poor were taking advantage of. The Liberals are going to make it more difficult for those people to earn a living. To earn a living, they have to have a job as well. They could find a job working on behalf of someone else or for themselves as small business owners. Then small business owners are hoping that they will be able to earn a profit and provide for their family and pay their workers.
Talking about small business, one thing I want to mention is the common reporting standards in the budget, which would have a severe impact on small credit unions. Alberta has a thriving credit union sector for many generations. The credit unions have been contributing especially to rural Alberta, but also to Calgary and Edmonton's economies. During the downturns of the 1980s when the big chartered banks were refusing to turn over mortgages and extend lines of credit to Albertans, it was the credit union sector that filled the gap and helped Albertans keep their farms and their homes. With the common reporting standard, it is one size fits all. That simply does not work for smaller credit unions that do not have the means to comply. But the current government loves one size fits all.
I have a couple of examples to demonstrate this. We have heard from the government that it will be imposing a one-size-fits-all carbon tax across every single province. Whether a province likes it or not, it really will not matter, because they will have to live with the carbon tax.
There are provinces like Saskatchewan, which has a great premier, Brad Wall, who is fighting to ensure that the people of Saskatchewan will not have to pay the tax, because the province has made a policy decision repeatedly during elections not to go down that path.
Then there are governments like Alberta's, which already had a carbon levy and is introducing a carbon tax on January 1. It is something that the vast majority of Albertans do not want, including the vast majority of Alberta business owners. But the Liberals have said that if the provinces do not do it, the federal government will impose it. Hopefully we will change provincial governments in 2019, and hopefully it will be a former member of this House, Jason Kenney, who will be leading that political party to victory in 2019. Even if provincial governments say they do not want a carbon tax provincially, the federal government will impose one with that one-size-fits-all mentality.
On the Canada health transfer negotiations, again the government has said that one size fits all and that the provinces will get what they will get. No negotiations are going to happen. There is no give and take. It is one size fits all.
On the CPP or Canada pension plan premium increase, which basically is a payroll tax, the government has again said that one size fits all. It does not matter what type of seniors they are. It does not matter how they are trying to save for their future. It does not matter what choices they have made in terms of income, career, or moving around the country. None of that matters to the government. It is one size fits all for everyone.
The government has been talking about how it will help seniors. The premium increase will not help seniors immediately because CPP works in a very particular way, like any pension plan, which is that we make an investment into it, we put a certain amount of premiums into it, and 40 years down the line, our investments then return as a pension to us. The seniors of today will gain no new benefits. They cannot. They have to pay into it.
Unless the government amends this budget bill or introduces another budget bill at some point, what they are saying is that it will simply increase unpaid benefits to someone who has not invested into it. For the younger generation especially, my generation, the CPP is not a great return on investment. I can make real estate investment decisions, I can use my TFSA. Many young people I know are making those types of decisions and planning for their own retirement. They are being responsible with their own savings. This will take away the opportunity to choose the types of savings they want to make and the investment vehicles they want to have, and it will give all of these decisions to the government.
We have an inkling as to why the government is doing this. It is potentially this infrastructure bank that it wants to use to finance large infrastructure projects. However, will it be touching CPP money to make it happen? Is that why it is increasing all of our premiums? It is just an extra tax that businesses will have to pay, which they cannot afford at this time, especially in Alberta.
Here I will cite the Human Resources Institute of Alberta quarterly report, which track things among the 6,000 HR professionals across the province of Alberta. It tracks how people are losing their jobs and why they are leaving the workplace.
For the longest time, dating back 2013-14, the leading reason for losing a job or moving on from a workplace was resignation for a better opportunity, which simply reflects an economy that had surplus job vacancies and people who were taking advantage of that and hopping between jobs, earning better pay, perhaps better benefits, and perhaps more flexible hours. They were taking that opportunity to better their careers, to grow their personal human capital.
However, today, thanks to the decisions of the federal Liberal government and the provincial New Democratic government, we have termination without cause all across the board. Whether employees, executive managers, professionals, technical staff, tradespeople, or administrative support staff, across the board, termination without cause is the leading reason they are leaving their workplaces.
I have heard members talk about infrastructure spending, which is something I had corrected the parliamentary secretary to House leader on in a prior debate. When the Liberals were in power many years ago, over the entire time they were in office, they only invested $351 million in Alberta. That is a pittance, really. There was even a year when they invested exactly zero infrastructure dollars. The past Conservative government, in contrast, invested $3.4 billion in Alberta, in things like highways and economic infrastructure, the things that would grow the economy, not only social infrastructure, which is spending that would probably be wasted.
The economy of Alberta is stagnant, as the subamendment of my colleague alludes to, an economy with 122,000 out-of-work energy workers. The Calgary unemployment rate is just over 10%, or 10.2%. The Calgary vacancy rate for downtown lease space is going up to 30%. That does not even capture the true depth of how bad things are, because there are so many leases with no sublease opportunities. There are leaseholders paying full price to occupy buildings that no one wants to occupy. It just gets worse from there. The unemployment rate has increased over the past year by 1.9 percentage points province-wide. It is not just the story of Calgary suffering, but Edmonton and the rural areas as well. Out-migration is increasing. Alberta used to be a place where 30,000 people per year were moving to for work. Now we have this number dropping precipitously. Retail sales are down 3.9%. Cattle prices are down 25%. Electricity generation is down 10%, which is a great indicator of how much manufacturing is going on, how much usage there is, and thus economic activity.
I will be voting against this bill with a clear conscience. There is very little for Albertans in this. There is no pipeline approval in this budget. There is nothing for the Trans Mountain pipeline in this budget. There is nothing laying the groundwork for economic recovery in Alberta, which Alberta workers, energy workers in particular, need. That is what I am looking for from the government.
I do not see it in the budget, and I will be voting against it.