Mr. Speaker, I know that we will help reduce the premiums for EI payments. The HST which is the harmonized sales tax and the GST are performing a function which replaces the manufacturing tax. I would like to see as we get to a balanced budget the revenues from the HST used to reduce the debt. That is what I thought it was initially set up for. In the long run by reducing the debt and the debt servicing costs we can reduce taxes for all Canadians. That is what we must strive for.
In the House of Commons on October 6th, 1997. See this statement in context.