Mr. Speaker, we have to look at the times that we live in. We have just gone through one of the largest scandals in Canada with the sponsorship scandal.
This week the Liberal Party was holding a fundraiser and the sky was the limit. Liberal members were trying to work the loophole that the member was honestly talking about. The public really wants to see the government and all members working together to close as many loopholes as we can.
My colleague wanted to know why the government is doing it like this. The government is acting to ensure that political entities and wealthy interests cannot circumvent the contribution limits. In other words, loans that are made without reasonable expectation of repayment are essentially disguised contributions that could circumvent political financing rules.
The member talked about his own party's leadership campaign. Bob Rae received $845,000 in loans, $200,000 from his own brother. The change in Bill C-29 would ensure that candidates could not write-off unpaid loans after spending the money. Can the member say that he supports this?