The recent report on the third quarter shows that per capita GDP is still declining. Is that the appropriate time to maintain the policy of the carbon tax, to proceed with increases and to increase the capital gains tax?
We had testimony recently that the change to the capital gains tax could suppress the capital stock in Canada by $127 billion and result in a further reduction of GDP. The United States, as I understand, does not have any of these policies. Would this explain some of the discrepancy that we are seeing?
Do you think that this is the time to continue to impose new taxes?