Madam Speaker, it is a pleasure to speak to this bill.
It was a very interesting presentation that the parliamentary secretary made. Obviously it was a very technical presentation prepared by the department and I am sure that 90% of Canadians would have great difficulty understanding what he was talking about most of the time.
The reality here is that this bill is about correcting an injustice that was done to these resource industries back in the 2000 budget. The now leader of the Liberal Party in his 2000 budget reduced the corporate tax rate in Canada from 28% to 21% and he excluded the oil and gas industry and the mining industry from that reduction. That was clearly discriminatory. It was unfair. I stood in the House and I expressed that view then and I express it now.