Mr. Speaker, we do not even have the Romanow report yet. I think the member is putting the cart before the horse. Let us get the report. Let us consult with the provinces. Then we will decide what is required and what actions need to be taken to deal with it.
As I have said repeatedly, I do not favour tax increases. I favour tax decreases. That is why we continue to implement the $100 billion tax reduction that was announced in October 2000.