Mr. Speaker, once again, we will have a chance to see the Liberal Party of Canada's true colours. Once again, during this afternoon's question period, we heard the Liberals get all worked up about all of the appalling ruses they detected in how the Conservatives handled the budget. The Liberals criticized the Conservatives for having included immigration provisions in the budget bill.
If we are meant to take them seriously and to accept their statements at face value, we would expect them to vote against budget bills, just as, from time to time, they have to speak out against the Conservative government's decisions because they are the official opposition.
As usual, the Conservatives know exactly what to expect from the Liberals. They know that they can do whatever they want, including burying objectionable immigration provisions in a budget bill, because the Liberals are much too weak to stand up to them.
This afternoon, we are considering a motion that takes the Conservative government to task for the choices it made in the budget. The Conservatives made a lot of decisions that brought radical change to Canada, and now we are talking about something quite specific. I will give a few examples to illustrate.
Table 5.4 of the budget just tabled by the Conservatives reveals what they really think and betrays their true intentions. Specifically, beginning today—as the new fiscal year begins—and over just two years, revenue collected from personal income tax—from my colleagues, from me, from the people listening to us now, from workers and their families—will increase by 12% in the state's budget, whereas revenue from corporate income tax will drop by 14%. That is the shameful choice the Conservatives really made in the budget. Individuals will be paying 12% more, and corporations will be paying 14% less. People can check table 5.4 of the budget and see for themselves.
We strongly object to this choice. What will the so-called official opposition do? I see that the Liberals are prepping their new star from Toronto Centre, who will undoubtedly rise to try to lecture us, as did his colleague who, yesterday, attempted to mislead the public with false figures on countries such as Sweden, Great Britain, Denmark and Norway. What tales did they tell yesterday? It was nonsense. What did his Liberal colleague say? He said that in the four above-mentioned countries, the corporate tax rate was lower than the Canadian rate. Is that so? Let us look at the facts.
Here, in Canada, with the most recent cut, the corporate tax rate is now 19.5%. It is important that we remember this figure of 19.5%. It will be further reduced by 4.5% to 15% by 2015. What is the current corporate tax rate in the other countries in question? It is 28% in Sweden; 30% in Great Britain; 30% in Denmark; and 28% in Norway. That is the reality, not the nonsense trotted out by the Liberals yesterday to try to justify the unjustifiable, that is their weakness, their softness, their lack of conviction and the fact that, once again, they will support the budget choices of the Conservatives. Conservatives or Liberals, it is all the same.
If the Liberals had the slightest amount of conviction, if they believed in anything, they would be getting up to criticize and challenge the Conservatives' budget.
Later, when the new member for Toronto Centre rises, we will see that they will no longer be content to sit on their hands.
The Minister of Finance dared to reduce corporate taxes that much only because the current and ineffective leader of the Liberal Party of Canada, the so-called official opposition, told him that he could reduce corporate taxes as much as he wanted.
Indeed, the Minister of Finance rose in this House and said that he would never have dared to reduce them so much. He is a Conservative. He would have wanted to, but he did not think he could. It was the current leader of the Liberal Party of Canada who told him he should do so and reduce them so much. This is exactly what he is now doing and it is scandalous.
Now, to try to ease their conscience, instead of simply hiding, ducking the issue, disappearing from the House or sitting on their hands, they are trying to tell us—and I cannot wait to hear it—that the Conservatives' budget choices are completely consistent with their own. And that party has the nerve to talk about social justice, a nation-wide affordable child care system and wait times at hospitals across Canada, which receive federal funding. It can say what it wants but the Liberal Party of Canada does not believe in anything. That is the simple truth, which will be revealed a little later.
On this side of the House, we are not afraid to stand up. We are not afraid to tell Canadians what is really going on here.
We can look at table 5.4 in the new Conservative budget if we want to understand what is going on. In that one table, there is a snapshot of the difference between the New Democratic Party of Canada and the Conservatives, but the Conservatives are being helped in this by the Liberal Party.
In that one table, we see the following: starting from today, when we are at the very beginning of a new fiscal year, over the next two years the part of the budget that comes from corporate income taxes is going to go down by 14%, while individual income taxes, which is what you, Mr. Speaker, and I and the people listening to us pay, are going to go up by 12%.
That is an increase of 12% for individuals and a decrease of 14% for the corporations. That is a scandal. The Conservatives should be ashamed of themselves for proposing it. The only reason they are doing it is because of the weakness of the Liberal Party.
Yesterday one of the minor ministers from the former Liberal government, a former revenue minister, went on the public record with something that was completely contrary to the facts. He named four countries, Sweden, Britain, Denmark and Norway, and said they had a lower rate of corporate taxation than Canada has.
Here are the facts. For somebody who was once in charge of revenue, it is surprising that he cannot count. In Canada with the most recent budget, we are now at 19.5% as our corporate tax rate. It is going to go down a further 4.5% between now and 2015, bringing it to 15%. The tax rate in Sweden is 28%. The tax rate in Britain is 30%. The tax rate in Denmark is 30%. The tax rate in Norway is 28%.