Mr. Speaker, the Liberal government did cut corporate taxes, but not on borrowed money.
The minister inherited a $13 billion surplus from the Liberals. He increased spending by three times the rate of inflation. He put Canada into deficit, even before the downturn. He then said that there would be a small surplus. He then said that there would be a small deficit, then a larger deficit, and he has missed his latest target as the deficit balloons to over $54 billion.
When will the biggest spending, biggest deficit finance minister ever in Canada's history get his borrowing and his spending under control?