Mr. Speaker, Canadians are struggling. Filling up the car to get the kids to school and to get to work is becoming a stress for Canadian families. Conservatives have put forward a plan to put money back in the pockets of hard-working Canadians, which is to suspend all federal taxes on fuel, saving roughly 25¢ a litre, which would be over $1,200 a year saved for a family of four.
Now, the Prime Minister wants to pretend that full relief would somehow blow a hole in the deficit. That is simply not true. Even the Liberals' own former economic adviser Tyler Meredith estimated that, for every $10 increase in oil prices, there is roughly $2 billion in extra federal revenue.
With the extra increase in federal revenue coming from rising oil prices, all we are asking the Liberals to do is give back the money that they did not earn. Canadians are already paying about 20% more than Americans at the pumps, despite the fact that they are facing the same global pressures. Families here are paying more, and Liberal taxes are to blame. Why will the Liberal government not give Canadians the full relief that they need at the pumps?