Mr. Speaker, my colleague talked about payroll taxes. He mentioned that one of the largest payroll taxes is the 73% increase over the next four years in the Canada pension plan contributions. Do the young people in his riding he has talked with about this increase know that in spite of the fact that they will pay 10% of their earnings into the Canada pension plan for their whole lifetimes they will receive less than a 2% return on their lifetime investments? If they are, are they prepared to continue supporting a program that makes them pay a lot for a little?
In the House of Commons on March 26th, 1998. See this statement in context.