Mr. Chair, this is the fundamental premise on reducing taxes, whether it's reducing taxes to individuals, small business, or corporations.
To put it into perspective, many of us here have run corporations, and be they two people or three people, they employ Canadians. The taxes are an important cost to them. If you reduce those costs, they can increase their business, they can increase their employment, their number of employees, and they can compete internationally. That's the positive impact that we've seen to this economy.
I talked about the 480,000 net new jobs. Many of those employers, many of those businesses, when asked, will say that part of the reason they have more employees is because this government has reduced their cost of taxes.
The Canadian Manufacturers and Exporters represent many of those businesses you refer to, and I'll read a quote from them:
Corporate tax cuts deliver a net fiscal benefit to the government sector—more revenues are generated across all levels of government in Canada than lost as a result of tax rate reductions. The net fiscal cost to the government that implements a tax cut is lower than the amount of corporate tax revenues it forgoes.
It's a basic premise: if we leave more money in the pockets of job creators, they will create more jobs. It's plain and simple.