Mr. Speaker, I am proud to present yet another petition on the broken income trusts promise.
The Prime Minister said that there was no greater fraud than a promise not kept. Two elections ago, he emphatically promised that he would never put a tax on income trusts. The Conservative government recklessly broke that promise and imposed a 31.5% draconian tax on income trusts. Independent experts subsequently provided Parliament with clear evidence that the finance minister's decision on income trusts was based on flawed methodology and incorrect assumptions.
I think we have presented well over 10,000 petitions in the House asking the Government of Canada to acknowledge that the financial justification for imposing the tax was flawed, to apologize to Canadians who were unfairly harmed by the reckless broken promise and, finally, to repeal the punitive 31.5% tax on income trusts.