Mr. Speaker, that is nonsense.
Let me tell it like it is. The only real reason the Conservatives are abolishing the labour-sponsored funds tax credit is because the funds are a union initiative. They could not care less about how these funds benefit economic development or help people save. A workers' group is dangerous to them.
Even Canada's Venture Capital and Private Equity Association is denouncing the Conservatives' decision. The association does not understand the mixed signals the Conservatives are sending.
Like the association, the NDP wonders why the Conservatives are attacking investments in our own backyard.