Madam Speaker, could the hon. member comment on the middle-class tax cut? Some would say it is probably the biggest fraud of this budget. However, I certainly would not use such harsh language.
There are 1.6 million families that make $48,000 to $62,000 a year. On average, those families will see a middle-class tax cut of about $51. It goes up incrementally. Those making $62,000 to $78,000 will see about $117, from $124,000 to $166,000 about $521, and from $166,000 to $211,000 about $813.
Granted the top 1% of $211,000 will see an increase of $2,912. However, as we have found out from the parliamentary budget officer, there is a $1.3 billion deficit this year and an $8.9 billion deficit over six years.
How does he and the members of the Liberal caucus feel about giving themselves a bigger tax decrease than those 1.6 million families who are making $48,000 to $62,000 a year?