Madam Speaker, the thing we disagree with is the broad-based tax cuts. That is our position.
I have already said we are in favour of the tax cuts for small and medium-sized enterprises that have already been made. For some businesses like banks and oil companies, there is certainly a lot more groundwork to be done. We think that not only should these companies not have their taxes cut, but they should be contributing more to the collective effort.
Our position is clear: no to broad-based tax cuts, yes to tax cuts for SMEs and yes to increases for certain businesses that have the means to contribute to the collective effort, especially at a time when the deficit is as big as it is.
The member referred to the Conseil du patronat du Québec. At a caucus meeting with the Quebec chamber of commerce, I asked Ms. Bertrand why, despite the tax cuts, investments were not going up in Canada and Quebec. She said that it was a mystery. To anyone who tries to claim that lowering taxes automatically stimulates growth, I say that that is untrue. There is an old neoclassical, neo-liberal saying that today's tax cuts are tomorrow's profits and the day after's jobs. That is unfounded. Once again, I refer to the study that I mentioned earlier in my speech.
Our position is clear. The leader of the Bloc Québécois, the finance critic and I all agree that there should not be broad-based tax cuts for major corporations.