Learn English with Justin Trudeau. Prime Minister Justin Trudeau delivers a speech on capital gains tax hike on the first $250k earned by someone making $250,000 or more in a given year, and why it s a good idea.
00:00:00.000Just common sense conservatives who are saying that the Prime Minister's latest tax hike on small businesses, farmers, home builders and health care is not worth the cost.
00:00:09.120Now, former Liberal Treasury Board President Scott Bryson says the Prime Minister's support for the tax hike is a combination of moral sanctimony and economic complacency for ministers who simply do what PMO tells them.
00:00:25.500He calls it Socialist Baffle Gap. Why is the Prime Minister going ahead with killing jobs and raising costs with what his own Liberals call Socialist Baffle Gap?
00:00:44.620Mr. Speaker, despite the Conservative leaders' partisan attacks, the raise on capital gains inclusion rates is very simple.
00:00:54.720If Canadians make more than $250,000 in profit from selling investments in a given year, we're asking them to share a little more of those profits with Canadians who need those investments.
00:01:11.140Whether it's by investing in housing, whether it's standing up for school food programs, whether it's delivering dental care to seniors, these are investments we're making to support Canadians by asking the wealthiest to pay their fair share.
00:01:22.840The Honourable Leader of the Opposition.
00:01:26.920It's not partisanship for me. It's his own former Liberal Treasury Board President who calls it Socialist Baffle Gap.
00:01:35.580In fact, the tax begins applying on the very first dollar that a small business earns.
00:01:40.320And, you know, he's been promising that raising taxes would make life fair.
00:01:44.500We find out today from the Food Banks Association of Canada that now a record-smashing 25% of Canadians live in poverty after nine years of his taxes, his deficits and his doubling housing costs.
00:02:00.960Why is he going ahead with the same whack-a-nomics that caused the poverty in order to solve it?
00:02:12.600The Leader of the Opposition talks about affordability, but he's standing against raising taxes on the wealthiest so we can give more supports to those who actually need it.
00:02:23.180He's standing against our school food program, which is going to help 400,000 kids across the country have fuller bellies as they study and take the pressure off about $800 a year for families who are oppressed with the cost of groceries.
00:02:40.320We're continuing to deliver dental care supports to seniors and, as of next week, to young people with Canadians with disabilities.
00:02:47.580We're there for Canadians. He's voting against it.
00:02:50.860The Honourable Leader of the Opposition.
00:02:53.020It has been nine years of this Prime Minister promising a trickle-down economics that if he just takes money away from small businesses and workers,
00:03:01.760it will go from one level of government to another level of government to another level of government, it will trickle down.
00:03:06.540And now, 25% of Canadians are living in poverty, something he tried to cover up.
00:03:12.700Just like he covered up his own data showing $25 billion of extra costs with the carbon tax, nearly $2,000 in carbon tax cover-up for every single family.
00:03:26.340How can we trust anything he says about taxes, poverty or money?