Mr. Speaker, I want to thank my colleague from Outremont for his speech this afternoon because it was very helpful in understanding some of the problems with the Conservative government's approach to the budget and its mini financial statement.
I wonder if he would agree with me that there is a fundamental flaw in the bill. It puts all the government's eggs essentially in one basket, that being the corporate tax cut basket.
We have seen time and time again that these types of corporate tax cuts do not deliver the kinds of benefits that they proclaim. Reaganomics and the corporate tax cuts that were done then did not trickle down to people like they were supposed to. The tax cuts proposed by the member for LaSalle—Émard, when he was finance minister and then prime minister, did not trickle down to ordinary Canadians so they could improve their lives.
I heard the member for Outremont talking about a more balanced approach that would see us using some of the funds available to address the needs of Canadians and the important concerns about the environment. I heard him talk about the importance of not gutting our fiscal capacity with these irresponsible corporate tax cuts.
I wonder if he might talk a bit more about how he sees this issue.