Madam Speaker, I would like to thank the member for Edmonton—Strathcona for sharing her time with me.
It is a sad irony that I rise today to speak to the budget just after International Women's Day because the budget offers nothing to women and children. In fact, it offers nothing in the area of job creation or in protecting seniors' pensions.
If the government cared about regions like Nickel Belt, we would have seen a completely different budget last week.
Here are some facts about my constituency: Statistics Canada indicates that Greater Sudbury is the worst recession-affected region in Ontario, relative to our population. While national unemployment figures are improving, our region’s are getting worse. As of December 2009, the unemployment rate in our area was 9.8%, compared to 8.5% nationally. A little over a year ago our unemployment rate was 4.9%.
Our communities are also feeling the impact of an 8-month strike by United Steel Workers of America Local 6500, at Vale Inco, the Brazilian-owned mining company in our community.
And yet, people face these challenges with steely determination and a true sense of community. I am so proud to represent the people of Nickel Belt.
They deserve so much and certainly deserve much more than what this budget offers them, and that is why I cannot support this budget as it is written.
The finance minister was quite proud of his corporate tax cuts, tax cuts that have taken hundreds of billions of dollars out of the revenues that pay for job creation, pension reform, health care, child care, education, infrastructure and fighting climate change. The government likes to spin a great fairy tale that these and other deep cuts have stimulated the economy.
The numbers tell the real story: corporate tax breaks have not stimulated investment, they have not stimulated innovation, nor have they increased productivity in Canada.
Despite a 36% drop in corporate taxes, both provincial and federal, in the last decade and record profits for much of this time, business spending on machinery and equipment has declined as a share of the GDP, and total business investment spending has declined as a percentage of corporate cashflow. The source of this data is none other than Statistics Canada and Finance Canada.
Further, Canada's business sector productivity in 2007 was 75% of that of the U.S., down from 90% in the early 1980s. This is despite cuts in the federal corporate income tax rates from nearly 40% to the current 18%.
In 1999, the year before former finance minister Paul Martin's tax cuts, Canada was fifth on the World Economic Forum's competitive list. Today we are in ninth place. That is well behind most Nordic countries that collect as much as 50% of their GDP in taxes each year.
The facts are clear about the ineffectiveness of tax cuts.
And yet, this government prefers to continue to spread falsehoods about corporate tax cuts, while planning to increase employment insurance premiums at the end of the year, when workers are just beginning to dig themselves out from a mountain of debt.
Where is the help for the real victims of the recession?
My office regularly receives calls from constituents who are having to depend on food banks to supplement their nutritional needs, some whose employment insurance benefits are running out and some who are on the verge of losing their cars and homes.
That is the real world in which we are living. Sure, we have turned a corner, but we need to take care of our people and we need to deliver help now.
Among OECD countries, Canada has already ranked last for its lack of investment in child care. The government failed to commit to funding the New Democrat's children's health and nutrition initiative, which would have provided a daily nutritious meal to all Canadian children.
The Heart and Stroke Foundation states that it is imperative to take immediate action to curb childhood obesity by promoting healthy eating if Canada is to reduce the $22.2 billion loss in health care costs and lost productivity from illnesses like heart disease.
Results in the groundbreaking study by the Alzheimer's Society called “Rising Tide: The Impact of Dementia on Canadian Society”, pointed to an urgent need for immediate action by all governments. It states:
The Rising Tide study tells us that if we do nothing, the number of Canadians with dementia in 2038 will be twice that of 2008. Over this 30-year period, the cumulative cost of dementia is projected to be $872 billion. It tells us that if we do nothing, dementia will have a crippling effect on Canadian families, our health care system and economy.
Maintaining the status quo is not an option. We must take action today.
Where is the plan in the budget to address this impending crisis?
I would like to tell the government that we have invested in foreign ownership in our region of Sudbury and Nickel Belt. The government wants to again reduce the rules concerning foreign investment in Canada. Has it not learned anything from what has happened in Sudbury with Inco being purchased by Vale Inco from Brazil? This company has had our employees on strike for eight months and it does not want to negotiate. The union tried to negotiate last week but the company said that it would not agree to anything. The union asked for binding arbitration but the company said no. The company wants to implement its third world mentality on the workers of Sudbury.
The other company, Xstrata, has closed some mines in the outlying areas and is concentrating on one mine only. What it is doing is high-grading. High-grading means that it is taking the very best at very little cost and leaving the rest behind. What will happen in the future is that we will have some mines in the outlying areas that we will not be able to afford and they will come to the government for handouts to help them mine those smaller mines.
New Democrats are doing their best to make this Parliament work. They want to create family-supporting jobs, help the seniors who built this country, provide adequate child care, address the looming healthcare crisis and protect this planet for the next generation by building a clean-energy future.
What we need is for this government to also make this Parliament work. It could start by reversing these cuts immediately and adopting the NDP amendment to the amendment.