Mr. Speaker, that has about as much credibility as his fiscal credibility right now. The fact of the matter is we proposed $6 billion to reallocate from wasteful spending to the priorities of tax relief, health care and national defence.
Before this budget, Canada had the highest personal income tax ratio in the G-7. After the budget, we have the highest personal income tax ratio in the G-7.
Why did the finance minister, in the midst of a recession, not give working families meaningful tax relief? Why did he ignore his own finance committee's recommendation to eliminate the capital tax? Why is he increasing payroll taxes in the midst of a job killing recession?