However, Mr. Speaker, this side of the House cut taxes when we were in a surplus. Can Canadians understand why we are cutting taxes when we are in a deficit? That is the issue.
Canadian families are facing serious questions: the highest levels of personal indebtedness in the G7, high unemployment and only one in four Canadians has any kind of retirement security. On top of this, we have a $54 billion deficit. These are the economic facts of life.
Why is the government, then, borrowing money to lower taxes for corporations that are already profitable? No one can understand it.