Mr. Speaker, I wish to share my time with my hon. colleague, the member for Abbotsford.
It is with great honour that I rise in the House today to speak in support of the budget. I also want to recognize the hon. finance minister, who has put a great deal of effort and thought into this, including the thorough consultations he went through with industries and individuals before the budget was brought to the House. That is reflected in the many tax cuts and benefits to Canadians. I would suggest that this is the best budget the House has seen in over 13 years.
Twenty-nine different tax cuts are in the budget. Once again, we have never seen this kind of returning of dollars back to Canadians, back to where it belongs, instead of the overtaxing we have seen in the past. The cost to increase the exemption amount is $1.08 billion, and that is returned to Canadians. There will be $2 returned to taxpayers for every $1 in spending. That is a fundamental change in direction in this government.
We see more tax relief in the budget than the last four Liberal budgets combined. It focuses on spending, not on slashing spending but making necessary spending more effective. Canadians have asked us for that and they have asked the finance minister to ensure he follows through on it.
We have respected the five priorities, which we talked about during the campaign. How novel to have actually delivered on what we promised. The Conservatives are all about delivering on our commitments. Budget 2006 certainly speaks to those priorities.
There will be $20 billion in tax cuts over a two year period. As a result of these measures, my home province of Alberta will pay $1 billion less in taxes in 2007. My constituents in the riding of Macleod, those whom I have met with and those who have written and emailed me, are happy with this. They want to see more money left in their pockets so they can make the decision of what to do with it.
The budget has $1 in new spending for every $2 that delivers tax relief. This budget delivers more than twice as much tax relief as it does in spending. The 1% cut in GST is another one of our promises, which delivers a tremendous amount of effect to this whole industry. Every Canadian will feel the effects of the 1% cut in GST.
We have promised to pay down the debt by $3 billion. A lot of our dissenters would accuse us of not looking after our fiscal house. We have set aside $3 billion to continue to pay down our debt. That is fiscally prudent financing.
Let me bring this back to my riding and my former livelihood of farming. We watched farmers out in front of Parliament in the last few weeks, protesting about the serious crisis in which the grains and oil seeds industry found itself. I want to acknowledge, for the finance minister, the appreciation farmers in my riding have shown for the $1.5 billion that the budget brings to agriculture. This will help them in a time of need.
The government will not abandon them. The government is looking at a long term future, but it also recognizes that in the short term, we need to help this sector get through. We need to work hard at the WTO to ensure that we get rid of the domestic support programs, like we see in the United States and the European Union, that impact these farmers so greatly.
In the meantime, this is what we will provide to farmers across the country. One billion dollars will be added to transition into an effective program that separates farm income from disaster relief. That is forward thinking on this Conservative government's behalf. We recognize that these two programs, which were tied together in the old CAIS program, did not work. We need to recognize that they need to be separated.
Also, our Minister of Agriculture recognized, because the CAIS program did not work, that many farmers were receiving letters asking for their advance payments back. In recognition of that, he has provided a grace period. The money they have in their hands can be used to put in this year's crop. Then we will deal with it at a later date, when we come up with a better program for CAIS. Also, doubling the interest free cash advances to farmers will help them get cash to buy their inputs for this spring. Farmers are pleased, and this is only one sector of Canadians who are happy with the budget.
The other sector is the families and communities. The government is investing in child care for example, a $100 a month credit to any parent with a child under six years of age. In my riding that is important. People in rural Alberta and in rural regions across the country do not have access to day care facilities.
The former Liberal government's universally accessible day care program was nothing more than a slap in the face to rural Canadians. There was no accessibility to ranch families living west of Fort Macleod. How would they find a day care facility within a two hour drive of their home? This provides the answer. We admit that this will not pay for all the day care and assistance needed, but it helps. No one said that the government was going to pay to raise people's children. This is not our plan. Also, we will invest $250 million to create more child care spaces, and we will create those spaces because they are necessary.
The budget offers $500 to encourage our children to become physically fit, to be aware of the importance of staying fit and healthy. It is an encouragement to get children out and to become active. That is a big cost in a large family. The government recognizes that.
The child disability benefit has gone from $2,044 to $2,300. That impacts a lot of disabled people. It is a benefit that many Canadians will acknowledge.
We will invest $52 million in our Canadian cancer strategy. There has not been one member in the House who has not been affected by cancer. This is a very important place to focus our research money.
I have five first nations reserves in my riding. We have put $450 million into aboriginal women, children and families, cleaning up water and building houses on the reserves. The one initiative that is new and inventive is recognizing that almost half of our first nations people live off reserves. With that recognition, we are adding $300 million to assisted housing off reserves. This is in conjunction with the provinces. Plus we will invest $300 million in the territories.
Again, the cut in the GST impacts seniors, students and farmers. Every industry and every individual will see the benefit of the GST cut.
I have not spoken to the benefits in the budge for students, small businesses and the apprenticeship programs, but my time is up.