Mr. Speaker, yes indeed, the Liberals ran around Canada saying they were committed to a small business tax reduction and then quite simply broke their promise, just like so many other promises they have broken since the election. Every single day seems to bring about another new Liberal broken promise from the election.
This is going to cost small businesses. The finance department estimates it is going to cost small businesses some $2.2 billion over the next four years. I should remind hon. members that small businesses constitute 40% of Canada's GDP and represent 98% of companies in Canada. Those are precisely the job creators that need support. Instead, at this time, the government is penalizing them with tax increases.