Mr. Speaker, the Bank of Canada today confirmed what the TD Bank, Scotiabank, BMO, the International Monetary Fund and others have said: that economic growth is slowing to a crawl both globally and here in Canada, where it is down 25%, and the risk is rising that things could get worse. Canadian jobs are obviously in jeopardy.
Why has the government increased the burden of EI payroll taxes this year by $600 million? Why is it adding another $1.2 billion in further job-killing payroll taxes next year?