Discussion · Government Orders
Mario Beaulieu Bloc Québécois
“The budget watchdog says cutting fuel taxes helps rich people more than poor people. Oil companies will just keep prices high and take the extra profit. What does my colleague think of this?”
“Mr. Speaker, the Parliamentary Budget Officer has stated that lowering taxes, such as the excise tax, primarily benefits the wealthiest and much less so the poorest. Furthermore, we know that even if taxes are lowered, oil companies always want to make more profits. What is likely to happen is that they will charge citizens just as much and line their own pockets with more money. What does my colleague think about this?”
Official Hansard
Mr. Speaker, the Parliamentary Budget Officer has stated that lowering taxes, such as the excise tax, primarily benefits the wealthiest and much less so the poorest. Furthermore, we know that even if taxes are lowered, oil companies always want to make more profits. What is likely to happen is that they will charge citizens just as much and line their own pockets with more money. What does my colleague think about this?