Mr. Speaker, I think the debate tomorrow on vaccine distribution will be extremely important. I know that many parliamentarians from across the country will want to participate.
Before we rose for question period, I had raised issues with Bill C-14, but not in terms of content. The content is, in a sense, a small step toward meeting the challenge of the pandemic, but what could have been in the bill and what could have been in the fall economic statement but was not is the real problem, I think, with Bill C-14. It is not the content, but what is not in there and what could have been presented. In the midst of the worst pandemic that Canada has experienced in a century and the worst economic crisis since the Second World War, one would think that in combining those two things, the fall economic statement and the bill that emerged from the fall economic statement would have met the challenges that Canadian families are facing.
Even coming into the pandemic, Canadian families were beset and burdened with the heaviest level of family debt that exists among industrialized countries. The average Canadian family has more family debt than a family in any other industrialized country. That is in part because of decisions made over the last couple of decades that have pushed Canadian families down, including the unravelling of the social safety net and the emphasis on providing perks and tax holidays to the very wealthy and the most profitable corporations, rather than making the public investments that would make such a difference in the lives of Canadians. Then the pandemic hit, and Canadians are experiencing incredible challenges.
In my riding of New Westminster—Burnaby and in every other corner of this country, Canadians are facing daily challenges to put food on the table and keep a roof over their heads, yet within Bill C-14 we do not see any bold attempt to meet those challenges. It is indicative, I think, that the new American president, Joe Biden, within the span of his first five hours and the executive mandates that he signed, has proven to be more proactive while using government machinery to work in the interests of the people than the current government has in five years. It is five hours versus five years. That is the real disappointment of the current Prime Minister and the current government.
What do we see in Bill C-14? Instead of investments in building a national child care program that we know Canadian families will need as a national network of universal child care as we emerge from this pandemic, hopefully in the next few months, we see scant support given to Canadian families in dealing with the crisis in long-term care. Instead of putting it under strict national standards and making sure that there is adequate funding for long-term care for our seniors, we see a small amount compared to what was given to the banking sector and no real attempt to address the crisis in long-term care.
We saw $750 billion in liquidity supports given to the banking sector through a wide variety of federal institutions within days of the pandemic hitting. Government MPs might say that this was liquidity support to help the banking sector; the banking sector so far in this pandemic has received profits of $30 billion. That should absolutely not have been the first objective of the government. There is a contrast between that $750 billion and what people with disabilities, people who are struggling to keep a roof over their heads, have actually received in support. I and other members of the NDP caucus, including our leader, the member for Burnaby South, have raised this issue numerous times. It took not one or two, but half a dozen fights to get a $600 one-time payment paid to a minority of people with disabilities across the country, yet we have seen $750 billion going with alacrity to the banking sector.
We see an interest-rate holiday for students when they are struggling to pay for their student loans. During this pandemic, as I mentioned, the banking sector has had $30 billion in profits. Canada's billionaires have had over $50 billion added to their wealth in the pandemic.
However, we see a government that steadfastly refuses to put in place what the member for Burnaby South and the NDP caucus have called for. The vast majority of Canadians, when they are asked in public opinion, say the same thing: that we need to put in place a wealth tax. We need to put in place a pandemic profits tax. We had those measures in the Second World War. It meant that we were all in this together, and it also meant that the federal government had the wherewithal to ensure that Canadians had the investments they needed as we emerged out of the Second World War.
We brought this forward in the House along with provisions for a guaranteed livable basic income, a right to housing and universal pharmacare. Government members voted against those measures despite the fact that they were supported by the vast majority of Canadians.
Next month, parliamentarians will have a second chance on universal publicly administered pharmacare, because Bill C-213 will be voted on in less than a month. Across the country we have seen thousands of Canadians write to their members of Parliament to say, “Vote yes on Bill C-213,” above all because in this pandemic a number of Canadians have lost their drug coverage. Ten million Canadians have no access to the medications that their doctors prescribe as necessary. There will be a second chance for that, and a second chance for the government to bring forward the bold ideas that the NDP has been proposing in a budget that should be tabled this spring.
I hope that the government will repair the mistake that it made in the fall and provide the supports that Canadians need.
