Jim Jones on Canada Small Business Financing Act

Mr. Speaker, I could not agree more that there is a virtual surplus of over $20 billion. We know a tax on unemployment insurance is really a tax on small business and other employment. The government should be reducing that. Also we are too highly taxed in this country . It was interesting to see over the summer when the Asian flu was starting to impact the dollar in Canada that all the money that was leaving those countries was not coming to this country but was going to the U.S. I think a good reason for that was that investors viewed the risk they saw in this country as not being worth the payback. Maybe our taxes are too high, both our personal income taxes and also the way the government is milking the employment insurance fund.