Mr. Speaker, on Halloween, the government announced that it was going to tax income trusts. About two and a half million Canadians who had those investments found that about $25 billion of their retirement nest eggs were wiped out in just two days.
The New Democratic Party knows that most of these people are seniors, people who had put away for their retirement. They took one of the biggest hits in the history of Canada in terms of their investment value for retirement purposes.
The NDP voted in favour of taxing income trusts and the ways and means motion. They debated in the House and supported the taxation of seniors, wiping out $25 billion worth of investment income. It is in this budget as well.
Could the member explain how she is so concerned about seniors and the gap between the rich and poor when what her party has supported all along is to ensure that seniors are worse off now because of its position on the taxation of income trusts?