Mr. Speaker, as for all the huffing and puffing that was going on over there, if the member had read the motion he would have seen how we are asking this initiative to indeed become revenue neutral so that nobody is penalized. Those members are just used to taxing. For example, we are just saying to move it from the 31.5% that they are proposing to 10%. Who is being fair here?
Second, I want to remind the member that we are trying to protect the country first of all. He will have to answer to the seniors in his riding.
I also want to point out for the hon. member that 15 income trusts were taken over just recently, costing a tax base for our country of $6 billion.
Let me close with this. The Gartner Letter, a United Kingdom daily commentary on the markets, described it this way: the Canadian finance minister's “idiotic 'trust' taxation decision rendered last October 31st, which we still believe ranks as one of the worst decisions ever rendered by a person in a position of monetary authority”.
That says it all.