The government is focused on five year plans. As my hon. colleague just mentioned, five year plans did not work in the former Soviet Union and they probably will not work here either.
The government is constantly playing catch-up and unfortunately Canadians are trailing when we should be leading.
On the capital gains tax regime, the hon. member opposite boasted that the government has reduced the inclusion rate from 75% to two-thirds. If he had been listening to my speech, he would have heard me reiterate the PC Party's position of reducing it to a 50% inclusion rate which would have provided an effective capital gains tax regime equal to that of the U.S. Instead the effective capital gains tax regime after the government's budget will still be 13% higher than that of the U.S.
The member believes that he should be boasting about a system that is 13% more oppressive in Canada than in the United States. Capital gains taxes impede productivity. They hurt initiative. They punish entrepreneurs and they damage the Canadian economy and the potential for us to grow in the future. And he is satisfied with a 13% disadvantage in Canada. He may be satisfied but I am not satisfied. My party is not satisfied with that and Canadians will not be satisfied with that kind of response in the next election.