Thank you, Mr. Chair.
I'm following up on Bill C-2, and the report that was issued on May 17, 2016, by the PBO.
I'm looking at the tax cut for the taxpayers in the second bracket. I want to ask about the efficacy of this tax cut versus cutting the first bracket. My understanding is that many of the individuals in that first tax bracket, because of credits and because of the way the tax system works, don't at the end of the year have taxes owing to the government.
Cutting the second tax bracket is a good thing because the benefits do flow. There are a large number of Canadians, around nine million Canadians, who are now benefiting because of a higher income level. As they go into the second tax bracket, they lose a lot of those benefits or credits that are made available to the individuals in that first tax bracket.