Mr. Speaker, the member is quite right. There are a lot of little things in the budget but there is a very substantial thing in the budget and that is under the fairness provisions the imposition of a 31.5% tax on income trusts. This is probably the greatest fraud ever perpetrated in the history of Canadian political life. It is a promise broken. During the last election, the Conservative Party said that it would never tax income trusts and then it turned around and did it.
What is worse is that the NDP, and that member specifically on the finance committee, supported the broken promise.
When we look at what has happened lately, it is very clear that the expert testimony at the finance committee indicated that the so-called tax leakage was a fraud. The witnesses explained that the finance minister had failed to take into account legislative tax changes in calculating the tax leakage and had also failed to account for the revenues associated with taxes paid by RRSPs, as examples.
In summary, the bottom line is that the tax leakage was a fraud but the NDP continued to support it. The member should explain why the NDP is against seniors.