Madam Speaker, I will be sharing my time with the member for Fleetwood—Port Kells.
I rise today to speak in favour of the economic plan which the Minister of Finance presented to this House just last week. I encourage all members of this House to support this important budget.
When Canadian voters went to the polls last October, they were aware that an economic storm was brewing. They knew that businesses in Canada were struggling to make a profit and layoffs were increasing. Canadians saw that their investments were strained and credit was becoming more difficult to obtain. Faced with that reality, Canadian voters made the choice to return a Conservative government to office with an even stronger mandate. Canadians trusted the Prime Minister and this government to lead them through a period of uncertainty and to make the difficult economic choices that lay ahead. It is clear that Canadians chose this government because of the challenging economic crisis and because of our record of fiscal responsibility.
Tuesday's budget reveals that Canadians have made the right choice. This is a government that has already, in its brief time in office, earned the respect of its citizens and its global neighbours as faithful stewards of the Canadian economy. We took action early in anticipation of the economic slowdown. We paid down billions in debt. We reduced taxes and increased infrastructure investments. We indicated at that time that we were committed to getting the economy back on track and listening to Canadians.
This government has listened. Over the past weeks and months, this government has engaged in open and public discussions with individuals and groups across Canada, undertaking the most comprehensive prebudget consultations ever. These consultations included round table discussions, meetings with leaders from all provinces and territories, and face-to-face meetings with representatives of the other political parties. They included discussions with business leaders, economists, academics, industry leaders and community and labour organizations right across this country. They also included personal requests from the finance minister to each MP asking members of Parliament to consult with their constituents and report back their findings.
Throughout the months of December and January, like many of my colleagues, I travelled across my riding of Portage—Lisgar meeting with community leaders, mayors and reeves, agricultural producers and business leaders, and seniors and students, to consider their circumstances, to listen to their concerns and to exchange ideas. Like many other MPs, I organized town hall meetings in my constituency in community halls and local coffee shops, with the sole purpose of giving my constituents the opportunity to speak to their elected member of Parliament and to have the assurance that they are heard.
What this time of dialogue and discussion in my riding showed me is that sometimes compromise is required. None of my constituents was anxious to see us return to deficit spending, yet the vast majority of them agreed that sometimes political ideology has to be compromised for the greater good.
It is the same within our own families. We counsel our children to save their money and live within their means instead of buying on impulse and getting into debt. It is an important lesson to teach and an important lesson to learn. However, sometimes in our homes and businesses, we find ourselves in extreme and difficult situations caused by circumstances outside of our control. Sometimes it is a sickness in the family, or a severe storm or a fire that has hit our home, our farm or our business. It hits hard and it hits fast, and it requires immediate and decisive action. In those extreme and difficult times, families make the necessary short-term concessions to see it through and come out stronger than before.
This nation has a great tradition of compromise and of accommodating each other. It is one of our greatest strengths. A reasonable compromise is what is needed now. Circumstances require that all of us roll up our sleeves and do what is in our nation's best interest. We as a nation, and indeed the entire globe, find ourselves now in an economic situation that is unprecedented in a generation, and it is not of our own doing. We did not cause this recession, but nonetheless it has hit us.
As the Minister of Finance has said, these are extraordinary times calling for extraordinary measures. I believe that this economic plan delivers extraordinarily on behalf of all Canadians, promising short-term intervention and long-term investment for workers, businesses and families. It finds a balance between stimulating our economy now and building capacity for the future. It is a plan that will help us not only weather the storm, but rebuild and prosper once again.
As the member of Parliament representing a vast prairie riding in beautiful Manitoba, I think about the effect this budget will have on the lives of my constituents, the individuals and the groups that make up my region. I am convinced that the measures in this economic plan will provide a significant and positive impact on the lives of Manitobans living in Portage—Lisgar.
This plan helps families in my riding and across the country by raising the level at which the national child benefit supplement for low income families and the Canada child tax benefit is phased out. This plan is helping seniors by increasing the senior age credit amount by an additional $1,000. This plan will provide $20 billion in personal tax relief over 2008-09.
This plan helps communities with $12 billion in new accelerated infrastructure spending over five years for roads, bridges, drinking water, waste management and more. With the announcement of the $123 million communities component of the building Canada fund, smaller communities, like many in my riding of Portage—Lisgar, can now apply for funding for their important public projects.
This plan helps farmers and producers with the announcement of $500 million for an agricultural flexibility program. By committing $50 million over the next three years to strengthen slaughterhouse capacity, we will open new market options for the beef industry and other livestock producers who have faced severe hardship over the last five years.
This plan helps small businesses by increasing the amount of business income eligible for the reduced federal tax rate of 11% to $500,000. With increased access to financing for small business through proposed amendments to the Canada small business financing program and the Business Development Bank of Canada, we are showing that this government is firmly on the side of small business in Canada.
In the riding of Portage—Lisgar there has always been a strong can-do attitude when it comes to facing adversity and overcoming obstacles, a real pioneer spirit and tenacity that still exists and thrives in the men and women of our towns, cities and rural areas. At many points in our history we have had to go it alone. I am very proud to serve the region I represent and I am very proud of their determination, their will and of what they have accomplished as a result.
I am proud as I travel in my riding and meet citizens in places like Treherne, Pilot Mound, MacGregor and Altona. I am proud of the courage shown by producers, industry leaders and small businesses as they stare down these current economic conditions.
Today I am equally proud of the measures that this government has taken to ensure that Canadians do not have to go it alone. For those hardest hit by the effects the global recession is having on Canada's economy, this economic plan gives a boost. For ordinary Canadians struggling with monthly bills, it puts money back into their wallets. For those out of work, this plan provides support and training. At the same time, the government has been prudent to look ahead and forecast a time when these measures will no longer be necessary.
I have no illusions. Canadians have no illusions. These measures do come at a high price. Like all debts, this one will have to be paid back, but Canadians must remember that the same government that is proposing these new spending measures has aggressively paid down $30 billion of the national debt.
We are at a historic time, and I realize that we do not always agree in the House, but I believe our differences do not have to divide us or the nation. As iron sharpens iron, so our individual and collective thoughts and ideas can cause us to become better parliamentarians, better representatives of our ridings and indeed better individuals. I look forward to working with all of my colleagues to see this economic plan passed and implemented.