Hon. Scott Brison
Mr. Speaker, it is contrary to parliamentary rules to accuse another member of lying, so I will not do that. I will respect parliamentary rules and I will not say that the member of Parliament has lied. Canadians can draw their own conclusions by checking the facts.
I do believe in cutting corporate taxes when we can afford it. I was part of a government that did reduce corporate taxes when we were in surplus. In fact, that government balanced the books and cut corporate taxes from 29% to 19% when we were in balanced budgets, and we could afford to do that. We went from having above average corporate taxes compared to our competitors to below average corporate taxes compared to our competitors. Today, our corporate tax rates are 25% lower than those of the Americans.
I do believe philosophically in competitive corporate tax rates and in reducing corporate taxes, when we are in surplus. However, we are not in surplus; we have record deficits. If we add to that debt today to help the few, the 5% of the wealthiest corporations, every Canadian family is going to pay the price down the road with less money for public health care, less money for education, and higher taxes for all Canadian families.
That is not just bad economics. That is not just bad social policy. It is immoral.
Subtopic: The Budget