Mr. Speaker, I want to thank my colleague, the member for St. Albert—Edmonton, for his impromptu speech, which really hit the nub of the issue, the fact that this is a tax-and-spend budget and has nothing to do with innovation. Those are the themes I am going to carry on with.
Like all members, I have had the opportunity to speak with many of my constituents and I must say that the government side will not be happy with what my constituents had to say.
The Liberals are fond of calling this the innovation budget. There is really nothing innovative about this budget. It is just good old-fashioned Liberal tax-and-spend. There continues to be no plan for job creation and there continues to be no plan to balance the budget. In fact, the innovation budget, just as my colleague said and as I will underscore, nickels-and-dimes Canadians by recklessly spending billions that the government does not have and saddles future generations, my grandchildren, with that debt.
This budget hikes taxes on the working poor using public transit. It hikes taxes young entrepreneurs when they want to use ride sharing. It hikes taxes on hard-working construction workers simply because they want to enjoy a cold beer at the end of the day. It hikes taxes on struggling parents using child care. It hikes taxes on small business owners, such as farmers, real estate agents, and hairdressers, and the list goes on.
Perhaps we should have seen this coming. After all, the Prime Minister's first budget took the exact same approach. First he blew up his election promise to run only a modest deficit, a small deficit, and to balance the budget by 2019. Those were election promises. Next he hiked taxes on gasoline and home heating fuel, on savings accounts, on paycheques. He even hiked taxes on kids' soccer and piano lessons.
It is another year, another Liberal tax hike, and another lost opportunity to deliver for Canadian families.
This budget fails to be innovative and it fails to deliver for families. Families need a job plan. Instead they got higher taxes and more debt, which, as I said, will have to be paid off by future generations.
The Liberals are not growing the middle class; they are growing government, and Canadian families are going to foot this bill.
By his own admission, the Prime Minister tells us that $195 million of the funding for child care will actually go toward hiring bureaucrats in Ottawa. What the Prime Minister cannot tell us is how many child care spaces the Liberals are actually going to create. They hope it is 40,000, but they do not have an actual plan. They hope to balance the budget, but they do not have an actual plan. The pattern has developed and continues to develop.
I can tell members that our previous Conservative government took a much different approach. We focused on supporting families, and we had a plan. That is why we implemented initiatives such as the universal child care benefit, the children's fitness tax credit, the children's art tax credit, tax credits for post-secondary education and textbooks, and income splitting for families.
Unfortunately, since taking office, the Liberals have eliminated these initiatives one by one, with the public transit tax credit being the latest to get the axe.
When in government, the Conservative Party understood that in order to keep up in this global economy and create jobs, we needed to push a real innovation agenda. That is why we created a more efficient and effective national digital research infrastructure system by investing in CANARIE, Canada's world-class, high-speed research and education network. We extended Canada's participation in the international space station mission to 2024 to build on Canada's strong legacy of supporting space exploration. We developed the next generation of innovation leaders by supporting graduate-level research and development internships through Mitacs. We made a landmark investment in post-secondary education by creating the Canada first research excellence fund, with $1.5 billion over the next decade. This investment helped to secure Canada's international leadership in science and innovation.
We provided $49 million to the Canadian Youth Business Foundation to help young entrepreneurs grow their firms. We fostered world-leading research by investing $220 million in the TRIUMF physics laboratory to support leading research and launch cutting-edge spinoff companies. We provided $1.5 billion to support the private sector in research and development to strengthen the competitiveness of Canada's aerospace sector through the strategic aerospace and defence initiative. We launched the venture capital action plan to increase private sector investments in early-stage risk capital and to support the creation of large-scale venture capital funds. We supported technology innovation by investing $15 million in support of the Institute for Quantum Computing for research and commercialization of quantum technologies, and $3 million to support the creation of the Open Data Institute.
We stood up for the automotive industry by investing $500 million in the automotive innovation fund to support significant new projects in Canada. We also provided over $800 million to support cutting-edge post-secondary research infrastructure through the Canada Foundation for Innovation. These are real, tangible supports for ideas and for entrepreneurs that make innovation happen, as well as real, tangible supports for Canadian families.
That is what is missing from this budget. There are no plans. There are platitudes. There are promises after promises that continue to get broken from the previous budget through this budget. There is nothing innovative about it. It is just good old-fashioned Liberal tax-and-spend.
It reminds me of the area of the country I come from, which is Ontario. I have watched the deterioration of my province, sadly, to the status of a have-not province through years of Liberal budget mismanagement. In the last budget, the current Kathleen Wynne government presented to our province more of the same: tax, spend money they do not have, and take us further into debt. We are already the deepest in debt of any sub-sovereign government across North America.
Here we go again, with the federal Liberals taking a page from the Kathleen Wynne playbook, with the individuals who were the architects now being the architects of what happens in the Prime Minister's Office in terms of budget and policy creation. It is absolutely disastrous, and will be disastrous, if we do not have a plan to balance our budget, because as Canadians know, we cannot continue to spend money we do not have and continue to pile on the debt for future generations to have to deal with.
The government should know that well. Previous Liberal governments had to deal with it in the 1990s. They had to cut health care by some 30% in trying to get us back to a reasonable fiscal balance in the country. That is exactly where the Liberals are taking us again. It has been done before. It has been experimented with before.
We are watching the results in Ontario. We are watching company after company in my constituency considering the question of moving to a lesser-priced jurisdiction. I can think of two specific meetings I have had with companies that employ well over 400 people that are actually, right now, entertaining the idea of moving to somewhere in the upper U.S. They are considering the New York, Michigan, or Ohio areas to relocate their businesses. It is because the taxes and the ongoing expenses of operating their businesses are making them uncompetitive. These are international companies in the sense that they have international customers. They must compete on a global basis, and they are having a hard time now finding the resources within their operations to cut their costs to be competitive.
In fact, their costs are skyrocketing as a result of mismanagement and policy at the provincial level. That is what we are seeing here. We are seeing more of the same, tax and spend. Canadians know that all too well.
There is no plan for job creation, no plan for balancing the budget for Canadians, no hope that we will see a light at the end of the tunnel, fiscally, in this country. My constituents and many other Canadians have been underwhelmed and uninspired by this budget. That is why I will be voting against it.