Mr. Speaker, I am not afraid to stand up in the House and give my opinion to the member. I can tell the member that the Government of Canada and the Province of Ontario entered into an agreement to move forward with this.
In my view, this has an awful lot to do with the economic recovery of the Province of Ontario with regard to creating jobs and increasing business investment. In fact, 93% of Ontario taxpayers will get a personal income tax cut, and in fact all Ontario taxpayers will see a 16.5% cut in the income tax rate on the first $37,000 of their taxable incomes. That will be the lowest rate among all the provinces in Canada. Ontario families and individuals with incomes up to $80,000 will get an average personal income tax cut of 10%.
These are the things that have to be taken into consideration. If I wanted to argue the other side of it, I would say it is increasing a tax here. However, if I put everything on the table and look at it carefully, I know that the vast majority, 93% of Canadians, will have more money in their pockets after this measure is implemented than they do now.