Mr. Speaker, I listened to what my colleague said he liked about the budget. My question concerns something that, surprisingly, is not in the budget. During the last two election campaigns in 2011 and 2015, the Liberals were very firm in their promise to cap the amount that can be claimed through the stock option deduction. Tax fairness is actually quite important to the middle class everyone keeps talking about. The Liberals repeatedly promised to address this perceived iniquity, and yet, they went back on their promise as soon as they came to power.
My question for my colleague is as follows. Why did the government decide to renege on its promise to close a tax loophole that only benefits wealthy CEOs?