I did not say deliberately. I said misled.
With regard to the fact that some people came before committee and said they agreed with the government's position, they relied on the government's calculation that the leakage was $500 million a year. Even the Governor of the Bank of Canada came there and embarrassed himself after the other experts came forward and discredited the computations.
The member asks if we do not want corporations and income trusts to pay the same amount of tax. The member is the Parliamentary Secretary to the Minister of Finance. She is on the finance committee. Surely she must know that taxes are paid by either the corporation and/or the investor and that corporations have some corporate tax elements and some personal dividend tax elements, whereas income trusts have no equivalent corporate, but all of the tax is paid by the individual. Why does she separate it? Why does she try to compare company to company rather than looking at the full loop?
Let me conclude my answer to what the member was asking me about not wanting good things to happen in Canada. I have to tell her that the decision of the government to tax income trusts has made our energy sector vulnerable. There have been no less than 15 takeover attempts in the last five months that could threaten Canadian economic sovereignty. The Conservatives claim that their policies are about main street, but the reality is that the benefits are going to accrue to Wall Street, not main street.