Mr. Speaker, clearly the link between tax cuts and performance is a myth. In 1999, one year before Paul Martin's corporate tax cuts began, Canada was fifth on the World Economic Forum's competitive list. Today we are in ninth place.
In addition, since the corporate tax cuts have been phased in, business spending on machinery and equipment has declined, so says Statistics Canada. IT use by Canadian businesses is half of what it is in the United States. As well, productivity growth is actually worse. Clearly the approach of the government is not having the desired effects.