Thank you, Mr. Speaker. I would like to ask my questions on high cost of living and high cost of doing business to the Minister of Finance. Mr. Speaker, it's been stated here many times today that the government subsidizes $128 million worth to our people. But if that's not reducing the cost of things for people, obviously it's not. You go to Tuktoyaktuk or Aklavik, you have to spend many dollars to get a loaf of bread. Prices are going up and up in Yellowknife and one of the things that I've been talking about is cost of doing business.

Mr. Speaker, one of the suggestions posed here is that we should ask the federal government for reduction in cost of living exemption in income tax. I do understand that there are costs to that. Could the Minister of Finance tell this House about, because our tax system is linked to the federal government that if the reduction does go ahead there will be less money coming into territorial coffers, as well as the federal government. Could the Minister just explain that, please? Thank you.