Mr. Speaker, tomorrow the House will vote on private member's Bill C-207 introduced by the Bloc. The bill was rejected by the majority of members of the Standing Committee on Finance because the financial implications were too great, it would not obtain the desired results and it did not constitute a long-term solution.
Canadians want real solutions like our targeted initiatives for regional economic development—for example, the $1 billion national community development trust—and not Bloc proposals that are riddled with serious shortcomings.
Could the Parliamentary Secretary to the Minister of Finance explain to the House the ramifications of passing such a bill?