Mr. Speaker, the member is right. The banks and resource sectors benefit the most from these cuts. The financial sector will get one-third of Canadian corporate pre-tax profits. The oil and gas and mining sectors will get one-sixth of Canadian corporate pre-tax profits. Yet the single mom who is struggling to make ends meet and has no day care, was offered $100 a month and yet in Victoria she has to pay about $1,000 a month.
Not only does it affect parents and ordinary families, but these across the board cuts will do nothing to target the sectors that we want to stimulate, like the manufacturing sector or green industries.
These are just untargeted, across the board cuts that will have no impact on our productivity. As former cuts during the Liberals' term have shown, there were no improvements in productivity.