Mr. Speaker, Canadians simply do not want to pay higher payroll taxes. That is why we have brought forward other measures to help them save taxes, such as pension income splitting and pool registered pension plans.
Let me quote what Shaun Fantauzzo from the Atlantic Institute for Market Studies says in regard to CPP expansion:
CPP expansion will prevent...businesses from hiring new workers, as well as force them to economize by either reducing hours or laying off existing employees.
We want to do what is right for Canada. Canadians do not want to pay higher payroll taxes.