Madam Speaker, the second petition is about the equalization formula. The petitioners are concerned about the fact that there is a cap on the fiscal stabilization program. This negatively impacts provinces like mine, Alberta. They are also concerned about perverse outcomes that can result from equalization in provinces where there has been a significant drop in revenue.
The petitioners want the government to immediately increase and backdate the fiscal stabilization program, and they call on the government to commit to working with the provinces to address the current inequalities that exist in the equalization formula.