Mr. Speaker, our economy can only grow and only benefit all Canadians with what is called inclusive growth. We need to target policies that benefit middle-class Canadians. We did it with the first tax cut, benefiting nine million Canadians.
This tax cut would actually take 700,000 people from our tax rolls. That would be 700,000 people across Canada not paying federal tax anymore. That is real change, but it is also giving money back to Canadians who will spend it. What we call in economics the marginal propensity to consume and spend is actually very high. It will benefit those Canadians and benefit the economy the most.
We can only move forward as a country if all Canadians benefit from economic growth, and Canadians benefit from tax reductions.