Mr. Speaker, I am glad the hon. member raised this question. Yes, the press release on the Ontario budget talks about reducing the corporate income tax. I did read about it.
I ask the member, aside from the corporate income tax, what about the payroll taxes? The federal government just increased the CPP premiums. How much money is it taking on the Canada pension plan because of the government's mismanagement? With the increase in the Canada pension plan premiums, the federal government is taking away the money. Look at the EI surplus. The government could reduce the tax burden on the corporations making them more competitive. Again it is the numbers game my colleagues on the other side like to play, but which at the end of the day does not result in what the corporations are looking for.
It is critically important that we say what is right. In our view, the budget does not create the environment required for Canadian corporations and businesses. It does not give the working Canadians the tax reductions that are needed.