Madam Speaker, we just heard the member for Guelph—Wellington say wonderful things about the finance minister's budget. The reality will not escape Canadians. As they look at their paystubs over the next five years what they will find will be grizzly indeed. That will be the reality check.
I want to talk a bit about $58 billion in tax relief that the Liberals claim. We have to take $7.5 billion from that over five years, which is social spending and not a tax decrease. I am referring to the child benefits. That is a social program. That is an increase in social spending and not a tax decrease. That has to be taken off the $58 billion.
The $29.5 billion increase in the Canada pension plan tax over the next five years has to be taken off, as well as the $13.5 billion which were scheduled tax increases that, according to the finance minister, will not be carried through. Is a scheduled tax increase which has been removed actually a tax reduction? The Liberals say so. I say it is not a tax reduction. That is a promise of more tax which we hear from the government all the time that will not be carried through. That is a nice thing, but it leaves as a bottom line $8 billion in tax cuts over five years. That is all.
What does that amount do for an individual? If we take it on a per taxpayer basis it amounts to $107 per taxpayer per year. That is what the promise the finance minister put in place and the member for Guelph—Wellington made sound so nice translates into. Nine dollars per month is all average Canadian taxpayers will see or $2.07 a week. It is disgusting. All these nice things are deceit in the worst way. The finance minister knows it and the member should know it.