Mr. Speaker, the hon. member will note that many of the themes in the Speech from the Throne have a large ticket price to them. Generating new revenue is difficult.
I wonder if the hon. member would share his views with us about what I find to be an outrageous situation. The government is forgoing revenue now by allowing business fines to be tax deductible. In other words, if a business is fined for polluting a river or injuring a worker or even insider trading, it can deduct that fine from its income tax. Estimates are that hundreds of millions of dollars of revenue are lost every year.
Would the hon. member agree with me that not another tax season should go by allowing this outrageous tax loophole where businesses can deduct fines from their taxes?