Mr. Speaker, I would like to talk about an aspect of Bill C-4 that bothers me.
Earlier, during the debate on Bill C-4, a number of Conservatives boasted that their government has cut taxes, which benefits Canadians. However, they forgot to mention that the Conservative government sometimes increases taxes. This bill contains a tax increase of $350 million. Who will pay the price? Labour-sponsored venture capital funds, also known as workers' funds.
Quebec is known for its good labour-sponsored funds. For some years, these venture capital funds have been invested in communities. These funds are used to help start up and grow businesses.
The Conservative government is appalling. I also want to talk about this government's hypocrisy, because it boasts about lowering taxes when it is to their benefit, but increases them in other sectors.
Could my Conservative colleague, whom I respect very much, tell us if the Conservatives will reverse its decision and remove this harmful $350 million tax that will kill jobs.