Mr. Speaker, lowering EI premiums for the employee and the employer provides more stimulus in our economy. As any economist who studied this issue has always maintained that payroll taxes are one of the largest deterrents of economic growth in our economy.
Companies may actually make money and profits, one of the things Progressive Conservatives think is good and actually grows the economy. Liberals would rather stifle the economy and shame on them for taking that perspective. Lowering premiums for the employer and the employee is the right thing to do. Almost every major economist will categorically subscribe to that perspective.
Given that the surplus is almost $9 billion on an annual basis, there is more than enough money in that process. That money belongs to the taxpayers. Through tax cuts that money should be put back in their pockets where it belongs to repair the draconian damage that Doug Young and the Liberals did in 1995.