Thank you, Mr. Chair.
First of all, let me say on behalf of my Liberal colleagues and myself how pleased we are to be back in Vancouver. We were here, I think in this very room, maybe six weeks ago for our caucus and had a great time. And at a personal level, having taught for four years at Simon Fraser and with many family members here, I'm always pleased to have a chance to be back.
As many of you know, in the last budget the federal government decided to reduce the GST, partly financing that through higher income tax on the lowest level and a reduction in the basic personal amount. In the news today, the finance minister is saying that in the next budget he might want to reduce personal income tax, possibly to the level where we started out in 2005.
So my question to Mr. Garson is, does your association have a preference between income tax cuts and GST cuts, and more specifically, do you think a GST cut does anything to improve Canada's competitiveness?