Madam Speaker, the hon. Conservative member really likes this one, so I am going to do it for him again.
These petitioners, many from my riding, would like to draw to the attention of the House that the Prime Minister once boasted about his apparent commitment to accountability when he said that greatest fraud is a promise not kept. He also promised never to tax income trusts. He broke that promise and imposed a 31.5% punitive tax which permanently wiped out $25 billion of the hard-earned savings of about two millions Canadians, particularly seniors.
The petitioners call on the Conservative minority government, first, to admit that the decision to tax income trusts was based on flawed methodology and incorrect assumptions, as was clearly demonstrated at the finance committee when hearings were held; second, to apologize to those who were unfairly harmed by the broken promise; and finally, to repeal the 31.5% tax on income trusts.