Mr. Speaker, the hon. member is correct. The government is now stifling innovation and research in the country by cutting SR and ED and tying the hands of many of the businesses that we need to expand. In an economy where we are starting to see slowdown, we truly need our businesses to be able to invest in research and development. However, cutting $500 million this year out of SR and ED means that many of those businesses are not going to have the resources to be able to expand and to be able to look at new and innovative ways of growing.
What we see here are no ideas of addressing this gap. What we will see is continued cutbacks and our businesses continuing to falter.