One of the things we can look to is that this measure--the ability to deduct interest--was introduced in the early 1970s, and it was specifically to avoid the disadvantages Canadian companies were undergoing in the pre-1972 period. What clearly was seen afterwards with this measure was that the cost of capital for these companies, which would make the acquisitions cheaper for them and prove the overall economics of their acquisitions, was becoming much more favourable. It seems to me that one of the consequences of this particular measure, if implemented as it's drafted, is going to be to reverse that trend. It will just make those types of costs that much more and lead to some of the other considerations you alluded to earlier.
On May 10th, 2007. See this statement in context.