Mr. Speaker, I recall from my days as minister of national revenue that we were working in that area and making good progress, but I would like to answer the hon. member on income trusts because we agree on certain things. Yes, the Conservatives were wrong to break their promise.
The member says that income trusts should not exist. They do exist. We cannot will them out of existence. The fact of the matter is that they do exist. The Conservatives were wrong to break their promise and the reality of the situation, as of today, is that there are hundreds of thousands of ordinary Canadians, not rich Canadians, many of them senior Canadians who have been saving all their lives, who put a lot of their money into income trusts wrongly believing the word of the Prime Minister and then because of the broken promise they lost a fortune.
We can debate whether income trusts should or should not exist. It is irrelevant. The reality is that those people are crying out for our help. They are getting help from the Liberals. They are getting help from the Bloc. Those ordinary Canadians in their moment of need are getting no help from the NDP. If the NDP would have helped us, we could have helped those people recover some two-thirds of their losses.
I say shame on the NDP, especially with its social democratic roots, for failing to come to the help of hundreds of thousands of ordinary Canadians in their moment of need.