Madam Speaker, I am pleased to rise today to debate Bill C-15, the Liberal government's budget implementation act. I doubt it will come as much of a surprise to the House that I will be voting against this budget implementation act.
When I examine any piece of legislation, first and foremost, I look at how it will impact the citizens, taxpayers, and employers in my riding. I can say right off the top that this budget amounts to a tax increase on the hard-working families and taxpayers in my riding of Perth—Wellington.
If we examine part 1 alone of this budget implementation act, we see tax increases. We see the elimination of the education tax credit, the elimination of the textbook tax credit, the cancellation of the children's arts tax credit, the cancellation of the children's fitness tax credit, gone is income splitting for families and with it the family tax cut, gone is the universal child care benefit, gone are so many programs that helped, benefited, and provided real value to hard-working Canadian families.
It is tax increase after tax increase after tax increase. With each of these increases, the Liberal government is making it harder and harder for families to make ends meet.
If I look at my own community of Perth—Wellington, it is home to some of this country's premier cultural and artistic attractions. It is home to the Stratford Festival, North America's largest classical repertory theatre. It has Drayton Entertainment, which has seven venues across the region, providing excellent entertainment options. It has Stratford Summer Music, which over six weeks will provide a wide variety of diverse talent, ranging from the Harlem Gospel Choir to Whisky Jack.
It is an honour to live in such a diverse, culturally rich community and I want more young people to get involved in the arts and culture. I want more young people to have the opportunity to take piano or dance lessons or learn the art of the stage. Under the former Conservative government, they could do that through the children's arts tax credit. In 10, 15, 20 years from now, I hope we will see some of the great artists and actors who grace our stages, some of the great musicians who perform in venues across the country. I hope to see these great talents and be able to say that they exist because we as a country and a community encouraged them to excel in the arts.
I have some of my own vivid memories from my childhood. Granted, my childhood was not quite as long ago as some of my colleagues' were, but I do have some vivid memories of my childhood. Among those great memories was learning to play a variety of musical instruments as a member of the Mitchell Legion Band. Learning to play a musical instrument was one of my great passions in life and being able to do that as a member of the band was a great opportunity.
I remember playing soccer behind Upper Thames Elementary School. I remember taking swimming lessons at the Mitchell Lions Pool. I can now more fully appreciate the sacrifices that my own parents made in ensuring that all four of their children learned to play a musical instrument and had the opportunity to participate in fitness and sports activities, like swimming lessons.
Now, as a father myself, with one young daughter and a second kid on the way in a matter of days or weeks, I want to some day see my kids play soccer, learn to swim, and participate in these culturally rich activities. In an era where we see an alarming rise in childhood obesity, I truly think this Liberal bill is taking us down the wrong road. Let us, as a community and a country, encourage a healthy future generation, not work against one.
This bill would also represents a tax hike for small businesses. For each of the next three years the tax rate on small businesses will be increased by half of a percentage point. By 2018, small businesses will be paying 1.5% more in taxes.
We all know the importance of small businesses to the Canadian economy. In 2011, small businesses represented roughly 30% of Canada’s GDP. Small businesses are not tax havens for the rich. Small business owners are simply trying to pay their fair share and provide jobs for our communities. The Minister of Small Business and Tourism was even instructed in her mandate letter to lower the small business tax rate. Instead, we see just another broken promise.
The government's own finance department says this tax increase on small businesses will cost them $2.2 billion over the next four years. Their own officials acknowledge this tax increase will only further burden small businesses in Canada.
I am proud that the Conservative government created 1.3 million net new jobs after the recession. Most of those jobs were full-time and in the private sector and were created despite the worst economic recession since the 1930s.
Another element of Bill C-15 that is very concerning is the repeal of the Federal Balanced Budget Act. This act was brought in to protect Canadian taxpayers by ensuring that federal governments do not return to the days of unnecessary deficits, as in the 1970s.
The Prime Minister might not understand the importance of a balanced budget, but Canadian families do. Canadians know how to live within their means. Working Canadians have mortgages, transportation costs, day care expenses, and many other expenses. They are responsible for ensuring that these expenses stay in line with their income.
Unfortunately, the government is not reflecting these values and is spending far beyond its means. This is unsustainable, this is irresponsible, and this will have serious long-term impacts. Quite frankly, it is galling that the Liberals take such glee in returning to deficit.
The facts are against this government. The parliamentary budget officer has confirmed that the Liberals were left with a surplus, and their own officials at Finance Canada have confirmed that they were left with a surplus. Every credible authority has accepted this. The only people who have not accepted this are the Liberals across the way.
Only months into its mandate, the Liberal government broke a major campaign promise to limit the deficit. The leader of the Liberal Party said they would run modest deficits of $10 billion. However, in his first budget, the Minister of Finance introduced a deficit of $30 billion. There is no other way to put it: this is another broken promise.
What makes this even more concerning is that the government has no plan to return to balanced budgets. During the campaign, the Liberals told Canadians that they would return to balanced budgets within their term.
The Minister of Finance is projecting deficits for at least the next five years. The government has shown no plan to return to balanced budgets.
The Minister of Finance has said one thing that is entirely accurate and that is that we as Conservatives on this side of the House are stuck on this balanced budget thing. Who else is stuck on this balanced budget thing? It is Canadian taxpayers, my constituents in Perth—Wellington, those who on a monthly basis have to budget and balance their own pocketbooks, their own monthly expenses and revenues, so they do not spend more than they take in. They know that in the long run they cannot spend more than they bring in.
I am proud to be voting against the budget. It takes away valuable tax credits. It breaks the Liberals' own promise to lower taxes on small business. It takes on billions in unnecessary and long-term debt. This is the wrong budget for the people of Perth—Wellington, and it is not the budget that Canadians need.