Madam Speaker, I want to deal with the government's shift of the taxation in this country from corporations to ordinary Canadians. When the government is finished, ordinary Canadians will be paying more than four times in taxes what corporations are paying.
We see here basically a race to the bottom. We have corporate taxes going from 40% down to 15%, when the American tax rate is still 35%. Why do we need to be so much lower than the Americans? We have Nordic countries that have corporate taxes in the 50% range and they are doing just fine.
No better sources than Statistics Canada and Finance Canada, which have said that business spending on machinery and equipment have declined as a share of GDP and that total business investment spending has declined as a percentage of corporate cash flow.
We also know that IT use by Canadian business is only half of what it is in the United States.
Where is the proof that these corporate tax reductions will work?