If this committee sees fit to recommend that the Mining Association and the mining industry get an ACCA and that the Railway Association doesn't, I would be okay with that, just so we're clear, Mr. Nater.
There are two things. I think the ACCA is an important potential tax measure to stimulate investment, but it's not a silver bullet. For the mining industry in particular, our sector has been falling behind internationally in a tax-competitive space for a number of years. We would encourage the members of this committee to take into account broader options and not put all their eggs in one basket.
Some of those options would include phasing out the dividend withholding tax which Canada has while other jurisdictions don't. We have options to alleviate. Canada has a 50% capital gains tax whereas a number of our competitor jurisdictions also do not require that tax for those types of transactions. We would love to see the mineral exploration tax credit extended from having a one-year renewal to having a three-year renewal to provide a greater level of certainty for investment in that space.
With respect to the U.S.—