Mr. Speaker, the government is bent on reducing corporate taxes. In fact, it has reduced corporate taxes from around 40% and is projected to go down to 15%. The members may applaud that and if they were getting results as a result of the corporate tax reductions then that would be well placed, but the fact is that business investment, rather than going up as a result of corporate taxes, has actually gone down. No better sources than Statistics Canada and Finance Canada which indicate that business spending on machinery and equipment has declined as a share of GDP and total business investment spending has declined as a percentage of corporate cashflow.
Why does the government keep doing things that do not work?