Mr. Speaker, that is a tax cut which represents one billion four hundred million dollars. It is the second largest reduction in UI premiums in the history of the fund. It follows, as my colleague has said, three previous years, in each and every one of which there was a reduction in EI premiums. The fact is we have reversed the tendency toward increasing these premiums which were created by the previous government.
In the House of Commons on November 24th, 1997. See this statement in context.