Mr. Speaker, I would like to ask my hon. colleague about tax loopholes. The Liberals are putting the private interests of the wealthy few in our country ahead of ordinary Canadians who are working hard every day to make ends meet. In the last 16 months, the government has not managed to eliminate the tax loopholes that mainly benefit the wealthy in our country, the CEOs. They have subscribed to these huge tax breaks that were offered to businesses by the Harper government.
In the last two election campaigns, in 2011 and 2015, the Liberals clearly promised to “set a cap on how much can be claimed through the stock option deduction.” However, they backtracked on this promise once they were in power. Why did the government decide to renege on its promise to eliminate the tax loophole associated with stock options for CEOs in budget 2017?