Thank you, Mr. Speaker. Mr. Speaker, let me start off by saying that I have said the same thing consistently over the last three or four months while I am out there campaigning and trying to sell this new economic fiscal relationship to the federal government. We want nothing different than Mr. Tobin wants in Newfoundland because of Voisey Bay. Let me say that first of all, we do not want anything different than Mr. Klein has in Alberta with respect to the tar sands. What we are trying to do here is develop the case to show that we can be less dependent if we are allowed into the tax window. The tax window is only one part of it, but it is a critical part.

I want to say again if you look five years out, in terms of where your revenues are going to come from based upon the studies we have done, it ends up being flat. We have to look for where we are going to get the new revenues. You cannot tax the syntaxes anymore than they are already taxed, you cannot personal income tax due to the cost of living in this country. Corporate tax, as I have said many times, is somewhere between 75 and 80 percent and four corporate clients in the NWT pay that.

We need to find a new method and new means in which to generate new revenues and that is what this initiative is all about. Certainly, we are going to need to ensure that there is some part of the northern constituency, including this House, is behind the objective that we are trying to achieve. That is not going to be an easy task. It was a difficult one for me in my previous life and it will be an equally difficult one in the one I am in right now, but I am not about not to do anything. I have a responsibility and obligation before I leave office to ensure that there is some fiscal well-being both east and west and that is what I intend to do before March 31st.