Certainly. We did ask our members right after the budget, in trying to explain to them some of the highlights of it, what they thought of it and whether they thought it was a budget that was good for small business. Unfortunately, very few felt it was a budget that was good for small business. I think a few folks obviously saw some advantages in things like the changes to the small business tax rate and taxable capital limit. Again, it's a very narrow group that would benefit, but it's still a good thing going forward.
What was missing, of course, were initiatives to deal with the debt. What was missing, of course, was how to at least not increase the costs of doing business. Unfortunately, the increases coming in CPP, employment insurance and carbon taxes for the foreseeable future are definitely not going to help. Again, we'd like to see some kind of recognition of the costs that these types of taxes have on smaller companies. The payroll taxes in particular can be really difficult to absorb.
That would definitely be another area where we would like to have seen a bit more recognition on how to help smaller companies through that. The shortage of labour is just another thing added to the mix of challenges that they're facing. Certainly the labour mobility deduction was a very good initiative. Also, the temporary foreign worker program changes that happened just prior to the budget were also a very good initiative. That's going to help many businesses.
There were pieces that were quite helpful, but overall, in the broader picture, I think there's still more that we thought could be done. We recognize that a lot has been done for smaller companies, but unfortunately, as I said earlier, only 40% are back to normal revenues. A lot of them are still struggling to get back on their feet. We need just a little bit more recognition, and maybe not do any more harm and help them get one more step back to recovery.