Madam Speaker, I appreciate my colleague's question. Everything he said is important.
With regard to the most vulnerable, I believe the government is way off base. It would have been wiser to choose its targets better, among others, the changes to the equalization formula. To add to what my colleague said, changes to the equalization formula will cost Quebec almost a billion dollars a year, $991 million to be exact. The bill also lays the foundation for creating a national securities regulator, which the Government of Quebec opposes.
There is also the matter of reforming access to employment insurance. The government refuses to abolish the waiting period. For thousands of unemployed workers, there is nothing encouraging in the budget. The bill proposes misguided tax reductions and eliminates provisions of the Income Tax Act aimed at preventing corporations from avoiding taxes by resorting to tax havens. There is also the matter of deregulation of foreign investment, which opens the door to foreign ownership. Funds allocated for social housing are poorly targeted and allocated, as indicated by the community development trust. And that is not a complete list.