Mr. Speaker, you can reduce taxes without increasing the deficit if you reduce spending.
What we are trying to get at is the connection between tax relief and job creation. Let me put my question another way. Yesterday one of Asia's top bankers, Mr. David Li, told a conference that Canada was an unattractive place to invest Asian capital because of high taxes, public debt and unnecessary government regulations.
In other words, Mr. Li and his clients are reluctant to invest more in job creating activity in Canada because of our high tax and spending level.
My question to the Prime Minister is this. What does he have to say to Mr. Li and thousands of other investors like him who refuse to invest more in job creating activity in Canada until they see lower taxation and spending levels?