A carbon tax is bad news for the poor, but not as bad as the Tories make it out to be. Prime Minister Theresa May's carbon tax will cost the economy $9 billion in lost GDP, according to a leaked document.
00:00:00.800This incompetent finance minister would tell you that you should celebrate that after prices rising faster than at any time in 40 years, they continue to rise, just not as quickly.
00:00:12.980I'm sure the people living in tent encampments, or the record-smashing 2 million people lined up at food banks, or the 1 in 4 kids going to school hungry after 9 years of this government will be celebrating.
00:00:24.440But what we now find out is that it's worse than we thought.
00:00:28.180According to a document just released, the government's second carbon tax will cost $9 billion in lost GDP.
00:00:37.860Why won't we have a carbon tax election to decide?
00:00:42.960The Deputy Prime Minister and Minister of Finance.
00:00:47.300Mr. Speaker, I think we all know why the Conservatives are so panicked about an election.
00:00:55.820It's because they can see that the economic news is good.