Mr. Speaker, I was surprised that my colleague suggested that there were no tax cuts in this budget. I know he has read the document from cover to cover, but there are several pages at the back dealing with tax cuts, whether they be social or involve children or businesses.
He knows that we are going into the fifth year of a $100 billion tax cut. By next year, the year that we are facing in this budget, family tax will be lowered 21%. For families with children, tax will be lowered by 27%. A family with two children earning around $40,000 will pay no federal tax at all, so the personal side has been cut.
I know he is concerned about business taxes. The R and D tax environment in Canada is now equal or better than in the United States. We are going to the fifth year of tax cuts. How is it that he can say there were no tax cuts in this budget?