Mr. Speaker, the minority Conservative government's stunning betrayal on income trusts is having a devastating effect on families across this country.
Let us listen to Noel Chaney of Courtenay, B.C., who said in an email to MPs: “Our family lost” almost “$80,000 on our income trust investments today alone. My wife has medical conditions” that require “$12,000 a year in uninsured prescription medications, so our costs are...higher than most people our age”. We do not have a lot of money to live on, he says, but “we thought we had things under control with our investment strategy”. We believed the promises of the Conservative government “to leave income trusts alone, until today”, he says.
Mr. Cheney is stunned by the betrayal of the finance minister and the support this plan is getting from other opposition parties. “We are...upset,” he says, “by the broken promise of Stephen Harper and Monte Solberg to not change the trust tax structure”. These promises--