Mr. Speaker, it is entirely up to the industry committee if it wishes to look into this issue.
We have the banks before the committee four times a year. It is quite capable of running its affairs. I am sure if the member were there he would be able to ask these questions.
Let me put a few facts on the table. Taxes for Canadian banks are 64% of net income. In the U.S. they are 54%, in the U.K. 52%. For Canadian manufactures the taxes are 47% and for our credit unions they are 45%.
We are the government that imposed the temporary surtax.