Jim Flaherty on The Economy

Mr. Speaker, the hon. member says that the budget did nothing for manufacturing. He could not be more wrong. There are $1 billion in accelerated capital cost allowances. Add that to the $1.3 billion last year. There are $2.3 billion for manufacturers alone with respect to acquiring machinery and equipment and writing it off over a five year period, exactly what was recommended unanimously by the industry committee of the House. This is a stimulus to manufacturers and it is working. We are seeing more acquisition of—