Not enough. The comment was made that EI premiums have been reduced four times. It is our very valid opinion that they can be reduced dramatically to offset this CPP contribution.
Motion No. 14 is to freeze the yearly basic exemption for ten years. We believe that there should be a freeze on the YBE, but it should be for a ten year period, not in perpetuity for the simple reason that there are changes in our inflationary factors in Canada. Let us put it in place for the first ten years and review it after a ten year period.
I appreciate the opportunity to speak to this very, very important piece of legislation. I hope that the government will look at the ramifications that this legislation will have on the Canadian public, the Canadian employees and employers of this country. This legislation will have serious, negative ramifications.