Mr. Speaker, I want to remind my hon. colleague about something that many people were counting on in my riding. It was talked about a lot on the election trail. Many small business owners in my riding really counted on the promised tax reduction. In my riding and many others across Canada, small and medium-sized businesses are really the engine, the job creators, in our communities.
The parliamentary budget officer estimates that the cancellation of the election promise to reduce tax rates on small businesses will cost small and medium-sized businesses more than $2.1 billion over the next four years. Why not give small and medium-sized businesses a break? Why not follow through on an election promise that many people in my riding were counting on?