Mr. Speaker, I listened to the speech, but it seemed pretty repetitive to me. Indeed, it was more or less the same speech that I have been hearing from all Conservative members any time they are debating a budget bill.
The member talked about job creation and economic growth. One measure in the bill involves phasing out the tax credit for labour-sponsored funds.
I have already mentioned this in the past, but I would like to ask the member the question once more.
Phasing out this tax credit will have a serious impact on job creation. In fact, 160,000 jobs are currently supported by the private venture capital provided by labour-sponsored funds, which makes Quebec a leader in venture capital. Studies have shown that at least 20,000 of those 160,000 jobs are at risk and could disappear as a result of the measure proposed in this budget.
I would like to know how the member can justify a bill like Bill C-4, which could quickly kill over 20,000 jobs, particularly in Quebec, but also across Canada.