Mr. Speaker, one thing we have not talked enough about is tax havens and tax loopholes for the rich. That is not being dealt with in this budget.
CEOs are still getting the CEO tax loophole. They are paying less taxes than everyday Canadians who have worked hard to earn their money and pay their fair share of taxes, whereas CEOs who have had a big win are getting a deal wherein they can pay less taxes. One would think that if people receive a big win, they would pay their fair share and would be happy to support the Canadian economy, the very economy that helped them get the big win.
Eighty-eight per cent of the CEO stock option loophole goes to the 1%. That has not flowed to everyday Canadians. Regular business people do not benefit when only 12% of that CEO stock option loophole is in the hands of the other 99%.
I would argue that the CEO stock option loophole be closed and that the $1 billion should be injected back into the Canadian economy so it can do really important things, some of the things the member talked about, like ensuring that veterans get the services they deserve.
Does the member support closing the stock option loophole whereby 88% of its benefits go to the 1%? Does he agree that executives should be paying their fair share to the Canadian economy like every other working person in this nation?