Finance Committee on Nov. 7th, 2012

Evidence of meeting #91 for Finance in the 41st Parliament, 1st Session. (The original version is on Parliament’s site, as are the minutes.) The winning word was know.

A video is available from Parliament.

On the agenda

Bill C-45, A second Act to implement certain provisions of the budget tabled in Parliament on March 29, 2012 and other measures

MPs speaking

Also speaking

8 p.m.

Conservative

Jim Flaherty Conservative Whitby—Oshawa, ON

As you do in this committee, I'm sure we do try to be very cautious when we look at tax credits and try to make sure that investment credits, and the mineral tax credit is a good example, are actually accomplishing their purpose. When we see, as we have seen, that the oil industry, for example, doesn't need any of this anymore—at one time yes, but they don't need any of that tax credit support anymore—then we discontinue it.

8 p.m.

Conservative

The Chair Conservative James Rajotte

I appreciate that.

I just want to finish by referring to a comment by Congressman Frank. Members of the committee were in New York and Washington in the spring and I asked him about his bill. The Dodd-Frank bill was 2,300 pages, and of course our bill is 400 and some pages. I asked him what he said to members who complained about the size of the bill. He told them that if they didn't want to read the bill, they could wait for the movie to come out. I wanted to give him that final comment.

Minister, thank you for appearing before us today and for responding to our questions.

Ladies and gentlemen, the meeting is adjourned.