Mr. Speaker, the crux of the issue today is that in the past people could work and earn up to 40% of their EI benefit and not have any of that clawed back. Now in the new system, 50¢ of every dollar is clawed back. What that amounts to is a 50% marginal tax rate on income. That is a disincentive for people to work.
I would like my hon. colleague to comment on that. I have heard a lot of weeping and wailing about the carbon tax from the other side of the floor, and now the Conservatives plan to impose a 50% marginal income tax.