Madam Speaker, I appreciate the opportunity to rise in debate on this motion by the third party.
We can probably begin the debate by certainly agreeing that everybody in this House and indeed every Canadian in the land would support the concept that we need to help children in Canadian society. I do not think anybody would disagree with that. However the way that the Reform Party has made this suggestion does not totally provide all of the facts and ramifications to the Canadian people. It is important that we do just that.
First of all, the actual concept of how this would work is not spelled out either in the resolution nor is it spelled out that I can see in the Reform's particular plan. Reform talked about it being turned into a tax credit. Is it an equivalent tax credit or is it a tax credit for the amount of the deduction? They are not clear about that and it makes a tremendous amount of difference on the economic impact of this item.
Is it going to be a refundable or non-refundable tax credit? Again not only is that an important concept in terms of the fiscal ramifications but the way Reform is planning to work this socially makes a big difference on whether it is refundable or non-refundable.
Regardless of which way the Reform come at it, and to be fair to the Canadian people they ought to be saying which way they want to approach this, this is going to be a tremendous cost to the Canadian taxpayer. Estimates I have received from various sources range from $1 billion up to $12 billion. I think that $5 billion to put this plan in place is probably a pretty good bet. Is it worth $5 billion? Perhaps, but what the Reform Party fails to tell us in the House and Canadians in general is where it is going to get that $5 billion. What will Reform cut? What is Reform going to take it away from? How is it going to fund this?
The Reform Party talks about honesty and integrity in government, yet it makes a major proposal like this one and it does not clearly identify where that money is going to come from. Reform ought to do that. I will get to Reform's green book in just a minute.
The expanded plan is going to deal with 25 per cent of Canadian families. Those families have a need and a requirement as do all families in Canada. I have a lot of difficulty when we are putting in a program like this one. We could very well be introducing it for-and I have often heard this expression before-these millionaires who would be able to get tax breaks and so on. There are going to be those individuals who will benefit from it.
The Reform Party should agree and I think most Canadians would agree that in a time of limited financial resources we should use those resources for those Canadians who need it most. That is why we have a tax system with a child tax benefit built into it which that. It helps those Canadians who need it most. Quite frankly we should not be surprised that the Reform Party's proposal is not well costed or does not make a lot of economic sense. This is evident when we look at its overall economic policy and the suggestions in its new fresh start.
In summary, the fresh start proposal suggests cutting taxes, putting $4 billion of new money into health care and balancing the budget. They will do all this at the same time, starting with the $24 billion deficit we have today. That is the basis of what Reformers are trying to sell to the Canadian people. However Canadian people know and basic math tells them that it will not to work.