The hon. member opposite is suggesting that it is only millionaires who experience this. It is quite the contrary. This is falling on the already horribly overtaxed middle class of Canada.
It is interesting to note what was said by some government members about bracket creep when they were in opposition. I remind those members of what they said by quoting from Hansard .
Who do we suppose said the following? This individual was referring to the Tory finance minister, Michael Wilson:
He said lower taxes. He told us there were no tax increases in this budget. That statement is false because taxes are going up in this country because of the deindexation of deductions which this government has done in its past budgets. The government knows it is going to get more money this year as a result of the removal of the indexation provisions on all deductions in the Income Tax Act and the removal of indexation on the rates of tax on various levels of income. Those have all been taken out so taxes will go up this year.
That is a quote from Hansard of April 28, 1993. I am sure the House will recall that individual, the Liberal member of Parliament for Kingston and the Islands. It was you, Mr. Speaker. Back in 1993 you recognized that bracket creep was a sneaky way in which governments, at the time the Tory government, could increase taxation on the already-