Mr. Speaker, that is why we lowered the small business tax rate to 9% to help business owners save up to $7,500 a year, reinvest in their businesses, and create more good jobs for the middle class.
Small and medium-sized enterprises account for 98% of all businesses, and 90% of jobs are created in the private sector. They are the backbone of our economy. We promised SMEs that we would help them, and that is what we are doing. We will never stop working for them.