Mr. Speaker, the government committed to bring in a new equalization formula that would be based on clear principles and treat everyone equally. We accepted, in large measure, the recommendations of the O'Brien commission, but at the same time we left in place the existing side deals, the Atlantic accords, which this party had supported, and continues to support.
I will point out that on May 5, 2006, on Mike Duffy Live, the Leader of the Opposition said that he believed there should be caps except on the existing accords, which is exactly the same position as the government.