Thank you, Mr. Chair.
Mr. De Luca, a little earlier, a number of witnesses came to talk to us about the scientific research and experimental development tax credit. They said that the measures taken by the government were not beneficial for the manufacturing sector, among others, and that the sector was going to experience job losses because of the loss of investment.
We have also heard from the government side that one of the reasons behind the measures contained in Bill C-45 is to reduce red tape.
red tape reduction.
However, as someone said, this does not help to accomplish that.
Can you tell us what the impact is on the manufacturing sector? Why are the people you are representing opposed to the measures taken by the government in terms of the cuts?