Mr. Speaker, I want to thank the member for Essex for bringing forward this proposal. We all recognize the laudable intent behind this proposal is helping seniors. Accordingly, we applaud the government for bringing it forward. Indeed, the member for Essex has been a strong advocate on behalf of his constituents ensuring their issues and concerns are well represented in Parliament since his initial election in 2004.
Because of the member's hard work, he is able to spotlight this issue, surrounding the United States social security payments to Canadian residents, for parliamentarians. We have been able to discuss and debate it both on the floor of the House of Commons and at the Standing Committee on Finance.
A decision was made by the majority of members on the standing committee to not go forward with this proposal at the present time. However, by facilitating the debate on the matter, the member for Essex has raised the profile of the issues and concerns. Hopefully, some of the matters and concerns that we have had a chance to review in our debates will be considered as we go forward and in future debates.
This government stands for responsible leadership. We need to be prudent during these times of global economic uncertainty and we need to be responsible for determining fiscal policy and how best to manage the competing priorities of Canadians.
That is what budgets are all about and the integrity of the budget process is important to Canada. It allows us to ensure spending decisions and tax measures are thoroughly discussed, debated and considered in a thoughtful manner, where options can be weighed to determine how best to manage competing Canadian priorities, all of which are fighting for scarce resources.
The budget process enables the government to fully consider such factors and to balance priorities and undertake new fiscal commitments only to the extent that they are affordable. Accordingly, the House should return Bill C-305 to the House finance committee for more thorough discussion, debate and consideration, especially as we enter the period of prebudget consultations.
Therefore, I would like to move the following amendment. I move that the motion be amended by deleting all the words after the word “That” and substituting the following: The seventh report of the Standing Committee on Finance (recommendation not to proceed further with Bill C-305, An Act to amend the Income Tax Act (exemption from taxation of 50% of United States total security payments to Canadian residents)), presented on Wednesday, May 7, 2008 be not now concurred in but that it be recommended to the Standing Committee on Finance with instruction that it amend the same so as to recommend that the committee be authorized to consider Bill C-305 beyond the deadline set out in Standing Order 97.1.