Mr. Speaker, the member and, indeed, all the coalition members seem to have a misunderstanding of the subject of taxes on job creating businesses. They seem to be under the impression that the government is proposing additional tax reductions in this area, which, in fact, t is not true.
Back in 2007, this government, with the support of the Liberal Party, reduced business taxes in order to create jobs. Those reductions came into place three years ago and they have been very successful. We have created 460,000 jobs since July 2009. Our unemployment rate is two points lower than the United States.
However, regardless of what they think about business tax reductions, there are no additional business tax reductions to be enacted. Those were all enacted three years ago. That debate is over. That question is resolved. The new question is whether we should raise business taxes in the middle of an economic recovery.
There is no economy and no government in the world that believes that now, in the middle of a fragile global economic recovery, it would be wise for governments to step up and increase taxes.
I want the hon. member to explain why he and the other coalition parties believe it would be responsible, in the middle of an economic recovery, to raise taxes on 110,000 job creating businesses that would be impacted by the proposed tax hike that the Liberals have put forward today.