Mr. Speaker, more and more Canadians are realizing that the Liberals are just too risky on the economy. While Canadians face increasing gas prices, the Liberal leader is promoting his plan for the economy, a new and massive increase in gasoline taxes.
This new tax, in addition to other Liberal promises, would mean that under a Liberal government the GST could increase to 12%, whereas our government reduced the GST from 7% to 6% to 5%. Only the party opposite would view giving Canadians their hard-earned money back as a bad thing. The Liberals' reckless spending promises would plunge Canada at least $62.5 billion deeper into debt.
Today taxes are at their lowest level in 50 years, unemployment is at the lowest level in 33 years, and Canada's debt burden is at the lowest level since the 1970s. The Liberal leader and his party would risk all of this success.
Under the leadership of this Prime Minister and Finance Minister, we are balancing the budget, reducing debt and lowering taxes for all Canadians.