Mr. Speaker, I thank my colleague from Sackville—Eastern Shore for walking us through some of the clear problems the NDP has with the current strategy of corporate tax cuts being the cure for everything, from toothaches to dyspepsia to whatever we can think of.
One of the things that my colleague from Sackville raises is a great deal of these corporate tax cuts would go to the oil and gas industry, which already enjoys record profits and do not really need any motivation to do any more development in the tar sands. Some say it is already overdeveloping the tar sands to the expense of our water reserves, et cetera.
Would the hon. member confirm if what I have read is true? The increase in royalties that the province of Alberta recently applied to the oil and gas industry is 100% tax deductible at the federal end? In other words, it is getting a tax deduction for paying a royalty to gouge and use up all our valuable energy resources.