Mr. Speaker, yet again my colleague has shown the NDP acerbic skepticism toward profits as though profits were evil. He somehow uses a deft hand to say there is a difference between raising taxes and cancelling taxes that have been previously reduced.
I have a question for the member. Yesterday, the European Commission made a proposal to the 27 member states of the European Union concerning a new measure to tax financial transactions, which would mean that many common financial and banking transactions would be taxed. That is an idea that the NDP has traditionally supported. In fact, the NDP's industry critic and co-chair of the NDP caucus, the member for Burnaby—New Westminster, once introduced a bill to tax financial transactions in Canada.
What does my friend, the member who just spoke, think about that?