Mr. Speaker, a recent Canadian Federation of Independent Business survey says over one-third of Canadian workers know that the Liberals' scheme to raise CPP premiums will reduce their ability to spend on essential household goods and services. Two-thirds of small business owners say they will face pressure to freeze or cut workers' salaries. Only 18% of employed Canadians and 5% of small business owners think mandatory increases in CPP contributions will help Canadians save more for retirement.
The Liberals refuse to listen to Canadian workers and Canadian businesses and stand up for their interests. Canadian small business owners and employees both prefer RRSPs, tax-free savings accounts, and other personal investments to payroll tax increases such as the CPP premium tax hike. It is a shame that the Liberals are determined to mandate payroll tax increases, especially during the current difficult economic times.