Mr. Speaker, my colleague from Winnipeg North knows just how much I enjoy listening to him and, in some respects, he knows that he inspires me, especially when he leads the charge against NDP misinformation.
I am going to talk about the tax cut for the middle class that the government made in its first term, because the Liberals do not understand the marginal tax rate.
They lowered taxes by 1.5% for people who fall into the $49,000 to $98,000 tax bracket today. What does that mean? I did a quick calculation. Currently, the middle-class tax cut for a family with two incomes of $50,000 would be $29. I checked the Société de transport de Montréal website and that amount of money is not enough to buy 10 subway tickets. A family with two incomes of $150,000, or total family income of $300,000, will get a $1,470 tax cut thanks to the Liberals, or 50 times the amount received by a family with two incomes of $50,000.
Given these calculations, does my colleague still believe that a family with an income of $300,000 is part of the middle class? Does he not agree, as he himself admitted, that they should have thought about this before and perhaps increased the basic exemption in their first term rather than in their third term?