Madam Speaker, it has been interesting to hear the catcalling and the heckling that has been going on.
A criticism was made about China and about standing up for Canada with regard to that issue, but it is important to note that it was the Conservative Party of Canada teaming up with the Liberals that denied a motion I had in the industry committee to have a foreign review investment act examined because the state of China is buying up Canadian companies across this nation without any recourse. The Conservatives denied that examination at committee with the Liberals. It is important to note that they accept the fact that the state of China can own Canadian resources. Ironically, Canadians cannot do that, whether through Petro-Canada or through other types of industry but they are okay with the state of China doing it. Those are their words and their action in committee when they voted to ensure that the state of China can invest and buy out Canadian companies.
However I would like to focus my question on how particular industries and young Canadians would benefit with this budget amendment. We have issues that affect some of our youth in society, be it education, the environment or housing, things that are very important. Youth would benefit from these budget improvements.
As far as corporate tax cuts, why would any Canadian right now support the banks or the insurance companies getting a break off the backs of consumers right now? It does not make any sense. Some of the young people in my community are paying more for insurance on their vehicle than they paid to buy the vehicle. That hurts our economy because it denies getting new models into the market, it hurts the environment because they have lower emissions and it hurts young people because it puts them further behind.
Right now we have some improvements to education, to housing and to the environment. I would like the member to comment on why she believes it is more important to focus on our youth today than giving the banks or the insurance companies breaks at the expense of ordinary Canadians.