Mr. Speaker, when the government took office, revenues as a percentage of the economy were substantially higher than they are now. The conclusion of that is very clear, our take as a percentage of the economy has come down.
There are areas where we have absolutely changed the tax act. Tariffs are down substantially. Close to $600 million is being put back into the hands of Canadians. On the other hand, and again if I could quote the Prime Minister: "Yes, there are areas where we have increased taxes," areas where the hon. member has objected to increasing taxes.
We have eliminated the tax advantages for family trusts. Reform opposed it. We took measures to combat the underground economy. Reform opposed it. We eliminated the preferential rate for large corporations. Reform opposed it. We increased the capital tax on financial institutions. Reform opposed it.
I could go on for a long time, but let me tell you those loopholes-