Across the country costs are rising. Families are cutting meals to make ends meet and Canadians are increasingly relying on their credit cards just to get by. Meanwhile, the profits of grocery chains have more than doubled since 2019 and the oil and gas industry has seen profit rise by a stunning 1000 percent during the same period.
The Liberals government chooses to protect profits of corporations and CEOs instead of getting help to British Columbians feeling the crunch. Conservatives want to slash pensions and cut employment insurance, even as unemployment rates are predicted to rise.
CEOs and big corporations must pay what they owe instead of taking advantage of tax loopholes and tax-payer funded subsidies. Many countries in the world require corporations to pay an Excess Profit Tax. I, along with my NDP colleagues, am pushing the government to implement an Excess Profit Tax in Canada and invest the moneys in measures that put money back in the pockets of Canadians like the removal of GST from home heating.
Canadians need programs and policies that prioritize affordability over profits for corporations or the ultra-wealthy.