Mr. Speaker, Canadians know that the increase in the pump price of gasoline is attributable to the substantial rise in the world price of crude oil. The price of crude has more than doubled since 1998.
In fact if we look at the GST, the GST in terms of the increased price at the pumps comprises only 1.5 cents per litre.
Canadians asked us to cut taxes. Last October we introduced the largest tax cut in Canadian history with $100 billion in income tax cuts that is going through the economy now. It is about 2% of GDP. Let us give it a chance to work.