Mr. Speaker, it is another double standard, just like this next one.
The average small business owner earns about $73,000 a year. When they save money for a rainy day or their retirement, they will be taxed at a rate of 73% on their investment income as a result of these changes. Large, publicly traded companies, like Bombardier, will not.
Why is the government hitting our small business, middle-class entrepreneurs with a much higher tax rate than their billionaire friends in the biggest corporations in the land?