Madam Speaker, I was sitting in the finance committee a few short days ago. The Parliamentary Budget Officer was there to present his economic forecast. If we want to drill this down to understanding the impact of corporate tax cuts, for example, he said that they had already been included in his economic forecast, that he had considered what the impact of corporate tax cuts would be. He provided very clear documents around the impact of the corporate tax cuts.
It is important to note that it was another economist, who was there shortly after, who also had a very clear idea with regard to integrating the 2007 corporate tax cuts into his fiscal projections. He came out with a bit of a different answer, which indicated that the margin of error was very small.
Many people have analyzed the impact of corporate tax cuts and all of these measures with regard to Parliament and the ability of parliamentarians to make decisions.