Mr. Speaker, during my remarks I quoted from a number of experts. I know sometimes people do not believe politicians, but I quoted from a number of experts who say that stopping a tax loophole like double-dipping, a loophole which allows a company to make two deductions for a single expense, is the right thing to do. It is supported by experts. It was supported, as the member will know, by our own finance committee and the public accounts committee in the House of Commons. It was called for by the Auditor General. It was called for by the Jack Mintz panel, the Technical Committee on Business Taxation, and by many others.
It was called for because it is the right thing to do. It levels the playing field. It allows everyone to have lower taxes instead of having big tax subsidies, tax loopholes and tax havens for a few.
As the member will know, our government is committed to addressing other tax loopholes that are identified and other tax havens which distort our tax system. I am not saying that no one is going to make cries of pain when these things happen. We all know that does occur.
Our government is very sensitive to input from members of Parliament, such as my friend opposite, from the business community and from other experts. We want to make sure that when we move forward on these measures, as we have on the double-dipping, that we do so in the best way possible for our economy and for those affected. We will be doing that and are doing that.
These dire warnings that somehow this is going to cause huge economic problems for the country are simply not true. Many experts have said that as well. I hope my friend will be reassured by that.