Mr. Speaker, I really appreciate the assistance of the government House leader during my great presentation. I hope he will carry on, because it tells me that I am on the right track.
The petitioners say that the Prime Minister did recklessly break that promise by imposing a 31.5% tax, which permanently wiped out over $25 billion of the hard-earned retirement savings of over two million Canadians, particularly seniors. We must remember our seniors.
The petitioners therefore call upon Parliament, and particularly the minority government, first, to admit that the decision to tax income trusts was based on flawed methodology and incorrect assumptions, as was demonstrated in the hearings before the finance committee; second, to apologize to those who were unfairly harmed by this broken promise; and finally, to repeal the punitive 31.5% tax on income trusts. This brings to 50,000 the number of names already submitted to the House with regard to this reckless broken promise.