Christian Porter (Pearce, Liberal Party, Minister for Social Services) Share this | Hansard source

We were at the point where we were discussing what is self-professed to be the most important structural reform in a decade. I was pointing out that they have form on overstatements about tax. The mining tax from the member from Lilley was to be a historic reform. Of course, if you measure historic as 'historic failure to raise revenue', then it was indeed a historic reform with a 97 per cent failure on the estimate to raise $12 million worth of revenue. What we have here is the idea that you can take the two-thirds of Australians who have been receiving a tax benefit, who were negative gearing and who earn under $80,000, and make them pay more tax on housing— (Time expired)

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