Mr. Speaker, right now the people who are upset are those who have existing bankruptcies, which are up 60 per cent. I am not sure they would be bragging about the budget.
In the finance minister's world, a $3,000 pay cut for families is defined as economic growth and a 70 per cent pay hike in payroll taxes is considered an investment.
In April 1995 the minister's department released a study-I will table it if he would like me to-which concluded that a 40 per cent increase in CPP premiums between 1986 and 1993 had killed 26,000 jobs.
My question is for the Minister of Finance. Has his department figured out the negative impact that this 70 per cent increase in CPP premiums will have on jobs? It was 40 per cent before, and now it will be a 70 per cent increase in these pay hikes. How many jobs will that lose, not create?