Mr. Speaker, the Conservative leader is proposing to lower fuel taxes, but the Liberals already did that more than a month ago by reducing the excise tax by 10¢. We saw that the price at the pump dropped temporarily, but then refinery margins rose by more than 10¢, filling the gap and leaving us with an unchanged price at the pump and a deficit that has grown by $2.4 billion.
What the Conservative leader is proposing today is to lower taxes even further. We can expect the same behaviour from the oil companies, which will increase their profit margins, and we will end up with an even larger deficit. This Prime Minister is running deficits twice as big as Justin Trudeau's.
Why would we implement measures that increase the deficit so much?