Mr. Speaker, Canadians understand intuitively when a finance minister rises to speak that his hand goes into their pockets at the same time.
Employment insurance premiums currently take in over $5 billion more than is paid out in benefits. It is nothing more than a federal payroll surtax. Canada pension plan premiums will be increased 69 per cent because the plan is seriously flawed.
To limit job killing regressive payroll taxes, will the government limit increases in Canada pension plan premiums to a corresponding reduction in employment insurance premiums?