Madam Speaker, inflation is the most universal tax of all. It is a means for the Liberal government to raise taxes on everyone without having to raise a single tax rate. It is the most regressive tax, because those who can least afford to pay end up paying the most when the costs of essentials like gas, home heating and groceries go up.
Under the Liberal government, Canada has raised inflation to 40-year highs, and that is just inflation. They are also tripling the carbon tax on gas, home heating and groceries. The Liberals have refused to embrace the solution by cutting their reckless spending. That leaves the Bank of Canada to impose its draconian interest rate increases, which are making Canadians' mortgage payments unaffordable.
We have gone from the middle class and those working hard to join it to the middle class and those barely staying in it.
When millions of Canadians need to access the food bank, it shows there is something seriously wrong with the Liberal government's policies.
It is time for the Liberals to take responsibility for their failures, because it is not just inflation, it is Liberal ideology.