Mr. Speaker, I thank my hon. colleague for his question and also for his outstanding work on the House finance committee.
We know that the Liberal philosophy has been a tax and spend philosophy. That is why Canadians took very seriously the Liberals' comment just recently that raising the GST would be consistent with the Liberal approach. We know that is true.
The fact of the matter is that reductions in the GST have helped the poorest Canadians and many seniors who do not pay any other tax. If our GST cuts were reversed, it would actually cost Canadians $10 billion.