Mr. Speaker, I thank my colleague for asking that question, because reducing the GST and corporate taxes at the same time was a serious problem. It is taking us down the same path as the Diefenbaker and Mulroney governments and, to borrow an American example, the government of President Ronald Reagan.
We must remember that taxes are a way to gather the means to achieve certain goals. Obviously, some people do not believe in that.
By reducing taxes, the government lost out on a huge amount of tax income. Now the government has an enormous amount of catching up to do and I believe that this is a questionable way to justify cuts that would not be justifiable under other circumstances. It will lead to the loss of services and it will hurt ordinary people, not to mention the other long-term consequences for our economy.