Finance committee  I really can't say. We haven't done that calculation, but I think right now for companies—and many of them are really having a hard time surviving—any increase in payroll taxes, any increase in tax costs that would be borne by this sector, is going to have a negative impact on no

Finance committee  Not if they're investments in equipment, where it's not necessarily clear that there would be a tax deduction. There would be a—

Finance committee  Not if it's an investment in a new set of equipment or technology where you have to depreciate that over a period of time.

Finance committee  Yes. It's a very important measure.

Finance committee  I think if you look at a particular sector or set of regulations, such as new regulations for food product safety, companies have to make investments in new monitoring systems, inspection systems, IT systems. Many of these don't necessarily have—

Finance committee  Thanks very much, Mr. Chairman. You have a copy of our pre-budget submission. It recommends four major tax measures that we think would help to encourage investment in productive assets in research and development, new machinery and equipment, new technology, and workplace train