Mr. Speaker, the member and a number of other speakers have raised the issue of perverse incentives in the budget. It is reported that, by 2014, given the cuts to corporate taxes that the government has announced, $60 billion worth of Canadian taxpayers' money will be lost at a time when our deficit is rising.
It is one thing to talk about the dollars and cents that are actually in the budget bill, but we need to look at the parallel initiatives of the government that go along with the budget, an example being the terrible, perverse incentives that it is providing to major industries by delaying important regulations to clean up the environment and to reduce greenhouse gases. Billions of dollars are being banked by these corporations as a result of the government's failure to act. That is far worse than the direct perverse incentives of cutting their taxes.
What about the perverse incentives of the government's enforcement of foreign investment law and its decisions on foreign investment, putting lots of money in the coffers of multinational corporations that are not even based in Canada? It is also denying thousands of Canadians badly needed jobs so they can buy Christmas presents for their kids.
So in terms of lost tax revenue, lost jobs, and lost benefits to Canadians, I wonder if the member could speak to that and the perversity of this budget.