Mr. Speaker, I also grew up in a family business and I appreciate some of the points overall. I have been listening to speeches all day and the references to job creators, to businesses. Right now we have very low corporate tax rates, lower than other countries in the OECD. As a result, the corporate profits from any company in the U.S., they now have transferred those corporations paying taxes to Canada to paying taxes to the United States.
Economists, everyone from Mark Carney, our former bank governor, to the RBC economist looks at what has happened. Corporations are not reinvesting that money in hiring Canadians. They are not job creators. These deep tax cuts are where jobs go to die. It is now called dead money. Over $600 billion in dead money, an astonishing 32% of GDP, is not being used by those corporations to create jobs to invest in Canada to modernize.
I wonder when the Conservative Party is going to recognize that this is a failed strategy and that there is no empirical evidence whatsoever that its strategies are creating jobs.