Mr. Speaker, the Liberal government cut taxes in each of its previous budgets and, in 1999, we are starting to extend these cuts to the general population.
Our goal is clear: to provide tax relief to those who need it most, targeted tax relief, particularly in the area of personal income tax.
The 1999 budget provides for a $7.7 billion cumulative tax reduction over three fiscal years, which will benefit each and every taxpayer in Canada, especially low and middle income earners.
The budget also provides for the elimination of the 3% surtax, as well as $300 million in additional transfers for the child tax benefit, which will help low and middle income families.
That was a brief overview of the measures contained in this budget to improve the quality of life of Canadians.