Mr. Speaker, the Liberal government's last economic statement was one of prudence.
The Liberal government can generate surpluses, pay down the debt, lower taxes and deliver on its promises with respect to health, children and innovation despite the economic downturn.
This was the message delivered by the Minister of Finance on May 17. Our government is on target and implementing its plan. Thanks to our foresight, Canada's economy is better equipped to weather global economic ups and downs.
Yes, we are on target. We are introducing the $100 billion in tax cuts announced in October and, thanks to unprecedented tax relief, taxpayers will have more money in their wallets.