Mr. Speaker, I thank my hon. colleague from York Centre, who serves with me on the Standing Committee on Finance.
I would find this very funny, if it were not such a serious topic. One of the many things he boasted about was tax cuts worth a few thousand dollars for the average family of four. However, he is completely out of touch with reality. He is not taking into account the growing gap between average incomes and median incomes. Millions of Canadian families are unable to benefit from those much-touted tax cuts. In our study on inequality, witnesses, including the chief economist of the Toronto-Dominion Bank, demonstrated that the very rich are getting richer, and fast. Some of those much-touted tax cuts have gone to people who definitely do not need lower tax rates. I would remind the House that 0.01% of the wealthiest people have increased their incomes by more than 160%.
I wonder if my colleague could tell me why he supports tax cuts for the rich and why he wants to put more money in their pockets.