Mr. Speaker, I take his point. We are in agreement with this issue.
I know his party will support the budget but contained within the budget is this issue of interest deductibility for foreign acquisitions, which effectively handicaps Canadian corporations, whether they are based in Quebec or elsewhere. That, in turn, will lead to a hollowing out of the phrase “corporate Canada”. People have actually spoken out about that.
Is the member concerned with this particular provision in the budget, and we have a live example in front of us, which would effectively hobble Bell Canada, for instance, acquiring businesses elsewhere but not have any impact on those businesses that would like to acquire Bell Canada or other companies in Canada? If that provision remains, the result will be that business in Canada will be run offshore. The huge irony of that is that we will actually create the very things we are intending to prevent in Bill C-33.