I see the Conservatives at the other end of the Chamber hollering across the way. I think they are hollering in support of Bill C-72. The hon. member for Kings—Hants is yelling at a number of individuals on the Liberal side. I would assume he is merely saying that he is supportive of Bill C-72 and finds that the tax relief is quite adequate as a starting point. It is certainly something that we on this side of the house agree with and we will continue to provide tax relief.
If, for a moment, the hon. member for Kings—Hants could pay attention to what is going on, then he would understand what tax policy is all about and be able to provide some constructive suggestions in the debate. However, I am not sure if that is possible.
Bill C-72 is essentially in line with the government's principles of tax policy. We feel that its relief measures are fair. The initial focus for broad based tax relief is on personal income taxes, where the burden is the greatest. The government has said continually that personal income taxes are where relief is needed first and that is what the 1998 and 1999 budgets have provided.
Most importantly, especially in the context of a lot of rhetoric that goes on in the House, given that there is an Ontario election campaign on right now and there is a lot of talk about tax relief, the measures for tax relief in the 1998 and 1999 budgets are not financed with borrowed money. It is the first time in decades that a government is providing tax relief to Canadians and is not borrowing to provide that relief. In essence, what we have is a reduction in tax relief. We do not have an increase in the deficit. We do not have an increase in the debt. What we also do not have is what most—