Mr. Speaker, we have not increased any taxes since we formed the government. However, because growth has come back into the economy we have received more revenue.
It is very fascinating that the leader of the third party does not distinguish between tax levels and revenues. If we gained more revenue it is because people are working more. There is more economic activity which is bringing in revenues to the government. This is why the deficit is lower than predicted.
This is also why short term interest rates in Canada are 2.5 per cent below short term interest rates in the United States. This is why interest rates in Canada have dropped by more 4 per cent in the last two years.