Yes, Mr. Speaker, and with oil at $100 a barrel we do not need to target the oil and gas industry for tax cuts. That is not what is required here. That is not going to work. When we see the overall reduction in the corporate tax rate at 15% below that of the United States, we are talking about basically giving our resources away.
In the manufacturing industry, the profits are not large. This industry absolutely needs reinvestment opportunities. It needs to be given the opportunity to change what it is doing and in a fashion that will allow it to be more competitive and allow profits to rise. If we lower the tax rate on industries that are not making a profit, then we are not doing them a heck of a big service. What we want to do is change what these industries are doing so their profits will increase. Then they will not mind paying a reasonable tax to provide services to their country.