Mr. Speaker, this is from a party whose leader thinks budgets balance themselves. The same leader said that he defines rich people as those who live off their assets. Seniors live off their assets.
Now, the Liberal Party is standing up in the House to say that anybody who earns $60,000 or less is too rich and should pay higher taxes. Sixty per cent of those people who already max out their tax-free savings accounts, and would benefit from the Prime Minister's decision to double those account limits, are earning $60,000 or less. This is a tax cut for the middle class. The Liberals would take it away.