Mr. Speaker, whenever anyone disagrees with a Liberal, that Liberal needs to put down the other person by suggesting that the person knows nothing about the economy. That has certainly been the strategy of the member for Kings—Hants who probably should be a little more guarded in his comments given his e-mail of November 22, 2005 dealing with the income trust file.
I would suggest that the member and his party consider the error of their ways on these two files, income trusts and interest deductibility. They should consider the following question. Why would Canada give up tax revenue to create economic activity and tax revenue in other countries? It would be to increase the profitability of Canadian banks that already are rolling in profits to the tune of $19 billion.
If the member is so concerned about the questions pertaining to other countries' taxation policies, he should be standing in the House today and making the recommendation that we start taxing corporations on a worldwide basis, something that he fails to consider. He never considered it when he was in the Conservative government and has never considered on the Liberal benches.