Mr. Speaker, it is mind-boggling. We do agree that the inflation issue is an important and fundamental problem and that we need to do something about it. However, the Conservatives have proposed a simplistic, I would even say populist, solution to reduce all taxes.
Do our colleagues in the Conservative Party know that in June 2021, the G7 countries agreed to start imposing a 15% minimum tax on tax evasion? This could bring in billions of dollars for us. In 2020, the Parliamentary Budget Officer said that a special tax on the massive profits that corporations, like the infamous oil companies that the other side is always defending, bring in, could add $7.9 billion to the federal treasury.
Those are the kinds of things we need to do. We agree on the substance of the issue, namely that we need to help people. However, the Conservatives' messages are frankly twisted and full of misinformation, and they want to stop taxing major corporations that are earning a profit. That does not make sense, and they are trying to serve their own political interests here.
I would like to hear my colleague's thoughts on this. Does he realize that if we adopt the Conservative Party's motion we are giving up on taxing the corporations earning massive profits, which could help our people?