Mr. Speaker, when we clear all the rhetoric away from yesterday's throne speech what are we left with? No tax cuts, just a commitment to spend a whole lot more. The stark reality is that on January 1 the first act of the government in the new millennium will be to raise payroll taxes and personal income taxes through bracket creep.
Why does the finance minister not simply admit that after all the smoke has cleared from yesterday's throne speech what we are left with is a big tax hike on January 1?