Madam Speaker, I rise today to echo the voices of my constituents of Markham—Unionville on the disgraceful proposed Liberal budget.
I will also be splitting my time with my colleague from Calgary Rocky Ridge.
The Liberal government has dedicated a lot of space to buzzwords, investments, and spending, but it has yet to provide Canadians with a clear plan for job creation, tax reduction, and economic stability.
My constituents are hard-working Canadians with strong values, which include fiscal responsibility, the safety of our communities, and respect for their hard-earned dollars. These are all things the current Liberal government has overlooked in its budget and omitted.
The Minister of Finance recently stood in the House and talked about what the government's budget would give to Canadians. However, it is now clear that this budget promises far more than it can deliver. More importantly, it would deprive hard-working families of benefits and credits that provide relief for Canadians.
I draw members' attention to the topic of taxes, a subject with which I am sure many of us are concerned.
This Liberal budget would end the children's tax credit, the children's art tax credit, and the tax credit for post-secondary education and text books. These are the benefits that most Canadian families take advantage of sooner or later. However, under the current government, these valuable tax credits would no longer be available to provide relief.
The Conservatives reduced taxes over 150 times, bringing the tax burden for families to its lowest point in the last 50 years. In contrast, the Liberal budget would not only directly take money out of people's pockets, but due to the government's fiscal mismanagement, the proposed budget would also impact businesses negatively.
Over nearly a decade in power, an average family of four was saving almost $7,000 per year under the previous Conservative government.
Contrary to what the Liberal government will try to tell Canadians, low- and middle-income families have benefited the most from these savings. This is not political hot air. It is coming straight from the parliamentary budget officer, who independently investigates the government's spending.
Last week, the PBO came out with a report that showed Liberals were hiding information from Canadians, creating their own economic growth projections, and exaggerating job growth expectations.
Despite saying that budget 2016 would help Canadians, the current government would end the hiring credit for small businesses and completely abandon our manufacturing sector. The Liberals have not committed to funding the automotive innovation fund, the auto suppliers innovation program, or the advanced manufacturing fund, among other programs from which businesses have benefited.
According to the Canadian Federation of Independent Business, the decision to not reduce the small business corporation tax to 9%, as promised, would cost small businesses almost $1 billion per year as of 2019. Canadians will recall that the reduction to 9% was tabled by the former Conservative government in an effort to aid small businesses, which are the backbone and economic engine of this country.
Where has the Liberals' promise of hope and hard work gone?
The Liberal budget dedicated a lot of space to innovation and investing in innovation, but this budget lacks a clear plan to encourage businesses to invest and create jobs in Canada.
According to the Fraser Institute, under these conditions, businesses and entrepreneurs would either remain on the sidelines or decide to invest in other countries. Simply put, without a predictable business environment, Canadian businesses and workers would be left with a sad view of the future.
Additionally, according to the economists, the Liberals are spending at the rate of 7% more than they can afford. The previous Conservative government left Canadians with a budgetary surplus, and already the Liberal government has placed us all into a dark pit of endless deficits.
Let us not overlook the burden that will be left on the shoulders and in the pockets of our children and grandchildren. Please let us not play political games with the Canadian economy.
The Canadian Taxpayers Federation rightly stated that this Prime Minister's first budget is an absolute disaster for future generations and for Canada.
My constituents of Markham—Unionville, alongside Oakville and Vancouver, are some of the highest taxed people in the country. This budget is an embarrassment for them and for hard-working Canadians across this country.
What is the most embarrassing? It is the complete disregard the government has when it comes to the safety of our communities. The world is not getting any safer, as the past few years or even the recent weeks have shown us. Mindless violence happens when we least expect it, whether in the heart of the European Union, in Brussels, Belgium, or at the military recruitment centre in Toronto.
Despite these recent tragedies, the Liberal government has allocated less than $60 million for our country's public safety. The government lacks credibility when addressing our national security. These cuts go to prove how dangerously uninformed this Prime Minister and his advisers are, by putting the safety and security of Canadians at risk.
The Liberals are highlighting buzzword investments at a time when they should be restraining or reallocating funds to serious issues, like national security and public safety, which affect Canadians from coast to coast to coast.
Before my colleagues across the aisle start pointing fingers and accusing my caucus colleagues and me of being against investment in infrastructure, I want to clarify that this is not the truth. Conservatives support infrastructure spending that improves our quality of life and ensures that our goods get to both domestic and international markets.
Under the previous Conservative government, more money was invested in infrastructure than under any other government in history. We were second amongst the G7 countries in 2014 in regard to infrastructure spending.
In fact, under the Conservative government, more than one million net new jobs were created, the most per capita in the G7. These were high-quality jobs, with 80% of them being full time, of which 80% were created in the private sector.
Investing in infrastructure should create jobs, and those are investments that I support, but this is not the case with the government and its lacklustre budget. Canadian businesses, which may be able to contribute to local infrastructure projects, would not benefit from this plan, since the Liberals have decided to raise taxes on them.
Worst of all, the government would force provinces to introduce a carbon tax that could cost families over $1,000 every year, and it would impact the ability of businesses to hire hard-working, deserving Canadians.
I cannot support a budget full of money-grabbing measures, meant to make all Canadians pay more now and for years to come. Therefore, I stand united with my caucus colleagues against the government and its senseless budget promises.
I would like to thank my constituents once more for enabling me to stand in this House today to voice their concerns about the measures introduced two weeks ago.