Mr. Speaker, the government continually sings from the song book of reducing corporate taxes to create more jobs, but it needs to look at the evidence. In 2012, tax policies that began in 1995 resulted in $264 billion in uncollected tax revenues. Where are the jobs that should have come from those tax reductions? By Conservative logic, those kinds of tax cuts should leave no Canadian who wants a well-paying job without one.
We all know the truth. Tax cuts do not create jobs. Not only have we lost over 400,000 good manufacturing jobs in Canada, but the gap between rich and poor in this country has steadily increased. The middle class is shrinking along with the government coffers.
Economists understand the importance of a healthy middle class to a thriving economy, and Canadians understand the value of a good paying job. Putting food on the table, providing a safe home, caring for children and elders, and paying for education are priorities for Canadians.
We cannot continue to rely on the price of a barrel of oil to dictate whether Canadians prosper or go unemployed. Recent global realities make that very clear. The recent drop in oil prices has resulted in that sector's decision to remove $23 billion in capital spending in this year alone, throwing thousands of Canadians out of work.
We can neither protect nor create good paying jobs that support families and local economies with corporate welfare. The loss of Kellogg's in London, Ontario, was yet another blow, not only to the London area but to the Canadian middle class. This clearly cannot continue, but what is also clear is that the Conservatives have no plan.
Fortunately, New Democrats do have a plan. It is a plan that includes diversification and innovation. It is a plan that would seize current and important opportunities in Canadian manufacturing and usher in the next generation of investment and innovation. It is a plan that would extend by two more years the accelerated capital cost allowance, which is scheduled to expire later this year. It is a plan that would introduce an innovative tax credit to encourage investments in machinery, equipment and property used in research and development.
Creating jobs requires investing in infrastructure. Helping cities build 21st century transit, for instance, will not only create manufacturing, supply and construction jobs, but will make our cities attractive to future businesses.
Ensuring accessible, affordable and universal child care is vital to building a thriving economy. Not only does it create the environment where children are cared for while parents go to work, it creates jobs in the child care industry. Studies have shown that every dollar invested in child care is returned twofold to the government. The NDP plan includes universal child care at $15 a day.
A truly accessible, affordable, universal health care system is a fundamental keystone to the Canadian identity. The federal government has a role to play in ensuring that.
Last week, I hosted a townhall in London—Fanshawe with the Canadian Medical Association. Its representative, Dr. Virginia Walley, did not mince words. The CMA recognizes that a shift from institutional care that wastes 30% in bureaucracy and inefficiencies is necessary to address community health care needs such as home care. We need federal leadership to create a model that includes more quality home care. Like child care, home care puts trained, educated Canadians back to work and providing services.
I have already spoken to the House about the ways in which a universal pharmacare system would provide vital prescription drugs to every Canadian who needs them and save $7 billion. That is $7 billion that could be reinvested into child care, health care and home care programs.
Instead of being creative and innovative, the government creates barriers to job creation. When will the Conservatives stop enacting measures that strangle our economy?