No. If we had gone with what was anticipated—the break-even rate of EI instead of $1.73—we would have had to increase it considerably, just to maintain a break-even rate. This would have cost employers and employees $4.5 billion more for EI. Those are job-killing taxes that we did not want to impose.
Evidence of meeting #3 for Human Resources, Skills and Social Development and the Status of Persons with Disabilities in the 40th Parliament, 2nd session. (The original version is on Parliament’s site, as are the minutes.) The winning word was budget.
A recording is available from Parliament.