Mr. Speaker, I welcome the Liberals' new-found conversion to our cause which for a very long time has been to scale back corporate tax cuts so that we can invest in the real priorities of Canadians. I have to say that it is a bit of a death-bed conversion that we are seeing here.
The corporate tax cuts did not just start under the current Conservative government. In fact, they were started and expanded under previous Liberal governments. Now we find ourselves in a situation where the current government is borrowing $20 billion to fund its additional corporate tax cuts, when we already know that our corporate tax rates are much lower than those of our nearest competitors south of the border.
The Liberal Party in fact supported all of those tax cuts and the budgets in which we found them, either by voting with the Conservatives to keep them in power or by abstaining, thereby in essence still allowing those policies to pass.
I wonder whether the member could comment on how long this conversion will last. Will it be only until the next election and then the Liberals will reverse their position yet again? How can Canadians have faith that the Liberal Party has actually truly agreed that corporate tax cuts need to be cut, and the shift of the tax burden has to move away from individuals to corporations?