Mr. Speaker, I see that once again the government is bringing in further corporate tax reductions.
We only have to look to the voodoo economics of the United States back in the early 1980s with George H. W. Bush calling Ronald Reagan's economic plan of the time economics where one simply keeps reducing corporate taxes expecting to get good results.
Let me say that despite a 36% drop in corporate taxes, both federal and provincial, in the last decade and with record profits during that time, business spending on machinery and equipment declined as a share of GDP. This comes from Statistics Canada.