Mr. Speaker, the hon. member will recollect that in the course of these tax cuts we have had something in the order of 25% corporate tax cuts and 75% personal tax cuts. We have to bear in mind that we do need to keep a competitive tax environment, which really is a notion that is lost on my friend in the corner. If we do not have a competitive tax environment, there will be no wealth generated in this country. If there were no wealth generated in the country, there would be nothing to tax.
In the House of Commons on March 10th, 2004. See this statement in context.