Mr. Speaker, I appreciated the member's focus on the excess profits of the oil and gas sector.
I do not like using the term “excess profit” and I do not like using “windfall profit”. Let us be clear about what we are talking about: We are talking about immoral war profiteering. That is what we are seeing right now. If hon. members across the way want to laugh, let me refer to the business columnist in The Globe and Mail, Eric Reguly, who called this out in his August 8 column. He pointed out that the profits of oil and gas right now have nothing to do with business acumen and everything to do with war.
I would ask my hon. colleague if he agrees with the Parliamentary Budget Officer that by doubling from 15% to 30%, the additional $8 billion coming into the Canadian economy and the government coffers could help us take care of the poorest of the poor.