Mr. Speaker, in Sault Ste. Marie, one of our major employers is Essar Algoma Steel. It currently employs 3,200 people. It intends on expanding with a deep seaport expansion, and in the event that happens, it will be able to double capacity in Sault Ste. Marie. That translates to between 500 and 700 jobs. It is not only Essar Algoma Steel that will be able to take advantage of this particular harbour.
A key point as well is that in the event corporate taxes go up, the reality is that these corporations also support our small businesses. There is a trickle down effect. If our corporate taxes go up, resulting in lay-offs, there will be an impact on our small business community as well. That is simply something Canadians cannot afford and we definitely should not be considering it at all.