Mr. Speaker, we recognize the vital role small business plays in the economy and job creation. That is why, since 2006, we have lowered the average small business tax by over $28,000. That is over 30%. That includes tax cuts like reducing the small business tax from 12% to 11% and increasing the amount of income eligible for a lower small business tax rate from $300,000 to $500,000. Ours is a pragmatic approach, not an ideological approach, which we hear from the other side.
In the House of Commons on April 1st, 2014. See this statement in context.