Sefton Central Labour MP Bill Esterson asked the Chancellor to repeat the tax on bank bonuses which raised £3.5 billion when it was used by the last Labour government.
The Labour MP called on the government to use the money to build affordable homes to rent or to buy.
Bill said: "Why doesn't the chancellor repeat the successful tax on bank bonuses and use the money to build affordable homes to buy or to rent. It would also help the construction industry and the economy.
"Many workers in the construction industry need the work that this would give them. The money they earn would be spent in the local economy and could help business and families at this tough time."
Bill asked the question to the Chancellor of the Exchequer, George Osborne who refused to follow the advice given by the MP.