Ève Péclet on Keeping Canada's Economy and Jobs Growing Act

In the House of Commons on October 7th, 2011. See this statement in context.

Keeping Canada's Economy and Jobs Growing ActGovernment Orders

October 7th, 2011 / 10:45 a.m.

NDP

Ève Péclet NDP La Pointe-de-l'Île, QC

Mr. Speaker, I would like to hear what my colleague has to say about corporate tax rates. He was talking about very low tax rates.

For example, the corporate tax rate for the federal government and the Ontario government combined was cut drastically, from 45% in 1999 to 30% in 2010. However, during the same period, investments in machinery and equipment dropped from 8.3% to 5.5%. This shows that lowering the corporate tax rate does not lead to more investments.

Could my colleague comment on that?

See context to find out what was said next.