Mr. Speaker, when my colleague across the way began his speech he said he endorses the dissenting report of the Bloc Quebecois in the report of the finance committee. In looking at this report, while the Bloc Quebecois endorses the move to eliminate the deficit and to rationalize the federal government's public finances, it disapproves of the government's way of reaching the ends.
I looked at the report to see how the Bloc would eliminate the deficit. One of the recommendations is to increase the transfers to the provinces, which actually increases the deficit. The Bloc wants to reduce individual taxes which would increase the deficit. It is to stop using the notional surplus in the UI fund, some $5 billion, to apply against the deficit. This again is an increase in the deficit. Finally, there was a recommendation to start fighting child poverty which is to spend money through various programs. All of those increase the deficit.
On the other side, there were two items. The first one was to increase corporate taxes by some $3 billion, but it goes on to state that the $3 billion should be spent on job creation initiatives. The final item is basically cutting government spending.
If the corporate tax increase is not available to reduce the deficit and all the other items in fact increase the deficit, I wonder if the member would care to outline for the House exactly what he is going to cut to cover the $15 billion-plus increase in the deficit that his party is proposing.