Madam Speaker, I guess this is our last opportunity make the comments we want to make on this particular bill.
It is obvious, in listening to the government, that it is totally stone deaf to any of the suggestions that might be coming forward. However, that does not mean to say we should not keep trying. There is always a glimmer of hope that someone over there might be listening.
This particular bill, more than any other bill the government has brought forward, emphasizes the difference between Liberals and Conservatives. We have heard time and again from speakers on this side of the House that Liberals believe it is their job to ensure that they take care of people; and how they take care of people is by sticking their hand in their pockets, taking out more taxes, and building up a fund. Among the majority of people I talk to, young people, their first comment about the Canada pension plan is that they have doubts it will even be there when they need it.
I try my best to assure them that the Canada pension plan does have an investment board that is investing their dollars, I believe, wisely. Certainly, though, there is a greater risk with this enhanced portion of the Canada pension plan, because finance officials told us at the finance committee meeting that the enhanced plan has something like a four times or five times higher risk than the current plan, because it is predicated on a certain return on investment. The current plan is primarily funded by employer and employee contributions.
We have to rely on a continued strong investment by the Canada Pension Plan Investment Board for this to be sustainable down the road. I am confident that board is the right investment tool, but we have all seen what has happened in the past, relative to the economic downturns. It needs to be acknowledged that this is a much higher risk plan than the current plan that exists today.
Getting back to the basic differential of Conservatives and Liberals, during the past 10 years a number of initiatives were taken by the Conservative Party when it was in government to help Canadians save for the future. However, they were to help Canadians not force Canadians. The Conservative government brought forward a proposal to double the amount of money that one could put into a tax-free savings account. What was one of the first initiatives of the new socialist Liberal government? It was to roll that back.
The government also talked about allowing Canadians to voluntarily contribute into a Canada pension plan enhancement. That, again, has been tossed by the wayside.
The other thing that the government is failing to realize—and in fact I would say it is being disingenuous to young people—is that we have a hard-working, young, entrepreneurial, millennial population in this country who understand they need to save. The government continues to kind of paint them all with the same brush, saying that somehow people are not saving.
Young people I know are investing in ways that can ensure that their future retirement funds will be there. They do not want the government taking money out of their pockets, and then the government, through the Canada Pension Plan Investment Board, running that high risk of investing their money.
The government is standing up, and I heard it again from the previous speaker, and saying that young people cannot be trusted to save for the future. I am quoting what I think I just heard from the previous speaker: the government cannot let Canadians live in uncertainty.
We live in uncertainty every day. Comments like that are disingenuous to Canadians, to young Canadians, and these members who make those statements, frankly, should be ashamed of themselves.
I want to get back to the basic difference between Conservative views of the way Canada operates and the Liberal view.
We have heard an awful lot about small business. That particular member who just spoke may very well have been talking to some different small businesses in the greater Toronto area, but the businesses that came before the finance committee from across this country—whether it was the Canadian Federation of Independent Business, whether it was Canadian taxpayers, whether it was chambers of commerce, or whether it was small businesses as we travelled across the country listening to their concerns—are very concerned about this extra cost that is being added to their bottom line. That is not even taking into account such things as the carbon tax, which is going to be coming into effect right around the same time.
I know in the case of Alberta, we have a situation where the government is increasing the minimum wage to $15 by 2018. It is this piling-on effect that government does not seem to take into account for small business. It will readily admit that small business is the creator of jobs in this country. If the government were imposing a carbon tax, imposing higher taxes for Canada pension plan, and at the same time, honouring the commitment it made in the election campaign to reduce small business tax, then maybe we could think about supporting some of these initiatives. However, it reneged on the promise to cut the small business tax, and now, it is layering on tax increases.
I think the government will pay the price down the road because small businesses are not going to create the jobs. Again, it is government thinking by the Liberals that, somehow, government creates jobs. That will eventually do the government in.
I would like to summarize what we have been through over the past period of time.
We have had a finance minister who has brought in a budget that did not even come close to his leader's election campaign promise of a small deficit of $10 billion.
The Liberal election promise was also that within this mandate it would balance the budget. We have seen no signs of that.
In fact, my colleague who is the finance critic has asked the Minister of Finance at finance committee—I think it is up to 12 times now, including yesterday—when the budget will be balanced. The finance minister has no idea when the budget is going to be balanced. I think he is waiting for the next promise from the Prime Minster. There may be some help on the way. I wonder if we are not going to start to take some lessons from some foreign countries that were ruled by former dictators, because a lot of what I am seeing is the government starting to look like some of these foreign dictators, because we have not only these initiatives that are being pushed through relative to tax increases, but we also have a government that decides, if it cannot get its own way, to bring in closure. We have seen that again today. Is this the ninth or tenth time in a short sitting of the House of Commons that closure has been brought in?
We saw the Liberal members shutting down any debate at the finance committee. The NDP member for Hamilton Mountain attempted to get something on the table. He was unsuccessful because one of the members of the committee called for adjournment and, with the majority of the committee in favour, the committee adjourned. We had, I think, about 15 minutes to talk about this bill at committee stage. Now the government turns around and brings in closure.
I think the government has to take a strong, hard look at itself and ask what kind of government it is offering to Canadians. It keeps talking about looking after Canadians' future.
I think one of the things it should be looking after is the ability for all of us, as representatives of our constituents, to have the opportunity to make these comments in this assembly and try to ensure that, if something is not happening that we believe is in the best of interest of Canadians, we have the opportunity to express ourselves. The current government is taking it away from every one of the members in this assembly.
I will not support this legislation.
