Thank you, Mr. Chairman. I will try to be brief. There is no contradiction. First of all, as a government, in order to hire nurses and train people and subsidize the price of fuel, we need money to do that. Where do we get our money? We get our money from a grant or we get it from taxes. The biggest source of taxes is corporate taxes.

The objective of this legislation is not to give companies a break. The objective of this tax is to encourage companies to stay here, to pay their tax here, and hopefully to generate more tax revenue for us so we can afford to do the things that Ms. Lee is talking about.

If we did not lower our tax, we would soon possibly find companies that had been paying substantial tax in the Territories moving their tax payments elsewhere and we would lose in a big way.

Secondly, if we did not keep a competitive tax rate, then we may also find those big corporate taxpayers not paying their taxes here but paying it somewhere else. Again, a loss for us.

The objective of our legislation here is to generate more tax revenue from the corporations, both small and large, by making this a better environment for them to work in, thus being able to pay for the programs that Ms. Lee quite rightly points out we need. It is not a gift to corporations. It is a strategy to get more tax revenue from corporations. Thank you.