Mr. Speaker, no matter how you dress it up, this is a pig. You can put any face you want on it but it is always going to be a tax. It is going to be an unfair tax and will be particularly onerous on younger Canadians at the expense of older Canadians. That is the way it is. It is going to be a particularly expensive and onerous tax on young Canadians.
The increase in payroll taxes paid by every employer and employee will be about the combined monthly car and mortgage payment or about half the tuition fee for someone in university. It
will suck $10 billion out of the paycheques of Canadians every year.
How many permanent jobs will be lost by taking this $10 billion out of the economy every single year?