Yes, for sure. For those not familiar, SR and ED is an expenditure of $4 billion a year for the government. It's actually our largest expenditure in terms of innovation—about 18,000 companies receive it. When you dig into it, a handful of companies receive close to 25% of every SR and ED dollar, and it turns out that a good chunk of those are actually foreign multinationals.
In a space like the innovation economy where unemployment is effectively zero, we're subsidizing the R and D of foreign multinationals, while making it more challenging for our own domestic firms to be able to hire and create opportunity for their firms. This has consequences such that you're no longer creating IP-rich companies, which is where wealth and prosperity have really moved to, and you're supporting firms that are ultimately taking the wealth out of the country.
To indicate how systemic this is, up until 2021, Huawei was still receiving a considerable amount of money from this program, indicating that we're funding not only the R and D of foreign firms, but also foreign firms that we've actually deemed to be a national security risk and which we view to be confrontational to us as a nation.