Mr. Speaker, our Conservative government believes that seniors and all Canadians deserve to keep the money they earn. Meanwhile, the Liberal leader has demonstrated that he is unable to define “middle class” and has suggested that income splitting for seniors is an ideological tax cut that he would reverse.
The median net worth of Canadian families has increased by 45% since 2005. Unlike the Liberals and the NDP, Conservatives know that Canadians deserve to keep more, not less, of their paycheques. That is why on top of cutting the GST, not once but twice; introducing pension income splitting for seniors; removing almost 400,000 seniors from the tax rolls completely; and creating the tax-free savings account, which benefits over 10 million Canadians, we recently announced the small business job credit, which will lower EI payroll taxes by 15%, saving small business owners over $550 million.
Thanks to our low-tax plan, Canadian families have seen increases of 10% or more in their real take-home pay since 2006. We are on the right track for Canadian families, and the Liberal leader--well, he is just in over his head.