Madam Speaker, in these difficult economic times, Canada needs to attract business growth and investment. That leads to more jobs and more opportunities for Canadians.
For years, under Liberal governments, high business taxes put Canada at a competitive disadvantage to the United States. That is why our government put the federal corporate tax rate on a downward track. The federal corporate tax rate will go down to 15% by 2012 from 22% just a few years ago.
Cutting taxes is working. Tim Hortons, a Canadian icon, has packed up its location in Delaware and is coming home, shifting its base of operations to be a Canadian company once again.
Our actions are driving business investment home and that is a stark contrast to the Liberal plan of higher taxes, higher spending, a plan that would only drive business the other way.