Mr. Speaker, briefly to the issue of Reaganomics, during the Reagan era after the U.S. government cut taxes to top marginal rate, employment in the U.S. increased by 17 million jobs and revenues doubled. But because of a profligacy in the Congress, the deficit did increase.
The government's own finance department said in a research paper that cutting payroll taxes does create jobs. It talked about an increase in the payroll taxes causing about a 1 percent increase in unemployment in this country. I would invite the hon. member to check the numbers from his own finance department to find out the horrendous impact that payroll taxes have on job.