Mr. Speaker, as Conservatives have gone across the country consulting with Canadians on our economic action plan, we have heard many say, like the hon. member has heard, that this is just not the right time for an increase in CPP. It is too risky to raise payroll taxes at this time.
Again, the CFIB stated:
For every one percentage point increase in CPP premiums beyond the current 9.9 per cent rate, it would cost 220,000 person-years of employment and force wages down roughly 2.5 per cent in the long run.
That is not a plan that Conservatives can support.