Mr. Speaker, just to be absolutely clear, if one reads the terms of Bill C-48, it calls for the government to avoid a deficit. It calls for the federal budget to be in surplus. It calls for $2 billion to be applied to debt paydown both this year and next. On the issue of tax reductions, the government will proceed, albeit on separate legislative tracks.
With the greatest of respect, the Chamber of Commerce was mistaken in its analysis of Bill C-48.