Scott Morrison (Cook, Liberal Party, Treasurer) Share this | Hansard source

have announced is higher taxes. That is all they have done. They say they are policies, but all they are is reaching into the pockets of Australians to the tune of $8 billion over the budget and forward estimates.

But it is not bad enough that the only thing they want to announce is higher taxes. It is why they want them. They want the higher taxes because they want to spend more and more and more—$8 billion to count for some $25 billion in higher expenditure of the measures that they refuse to support from this government and the new expenditure they have announced just since the budget—and then to reverse $30 billion in savings measures on top of that. Those opposite, whether it is their increases in capital gains tax by 50 per cent on all assets that are affected by capital gains tax—a 50 per cent increase in capital gains tax on all assets that are affected—or their other myriad increases in tax proposals, are all about a tax-and-spend policy which has nothing to do with growth.

Ms Macklin interjecting—

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