Mr. Speaker, there was much in that speech that talked about the platitudes of standing up for business and economic development that I disagree with, but I would like to focus on just one aspect.
To reduce the small business tax rate over the last six years by 1% was a step in the right direction, but a really feeble step. The step in the wrong direction was the reduction of the large corporate tax rate similar to the United States at well over 30% down to 15%, with no criteria for job creation or investment in Canada. When we look at the facts, most of the dollars that have been given away to those large corporations have gone to the ridiculous salaries of CEOs and moving money to offshore tax shelters. The real investment has been in the United States not in Canada.
When will you either raise the rates back up to something comparable to the U.S. or ensure there is real criteria for real economic development in Canada?