Mr. Speaker, I would like to come back to the issue of income splitting and the inequality it creates.
I know that the government made a promise in 2011. It was looking way ahead and saying that if it was in a position to balance the budget by 2015, it would bring in this income splitting. It would be very embarrassing for the government to backtrack, having made that solemn promise in the last election.
However, the evidence shows that income splitting in the way it has been proposed here, as it was promised back in 2011, would only benefit 14% of Canadians. The other 86% would not benefit in any way whatsoever.
The government held the previous finance minister in very high esteem, and he himself recognized and said very clearly that he was definitely having second thoughts about income splitting. That was with very good reason, because he understood the consequences of it. Given that, does the government not recognize that moving ahead with income splitting the way it promised in 2011 is not the right thing to do for the majority of Canadians, and that it would, in fact, add to income inequality?