House debates

Wednesday, 4 May 2016

Matters of Public Importance

Economy

4:03 pm

Photo of Jim ChalmersJim Chalmers (Rankin, Australian Labor Party, Shadow Parliamentary Secretary to the Leader of the Opposition) Share this | Hansard source

then somehow people at the very bottom will get the scraps, and that passes as an economic plan. On this side of the House we say, what rubbish. Trickle-down economics has been discredited. The only people who still believe in it, as the member for Hunter said, are Donald Trump and those opposite. And that is what this budget is really about.

The measures in this budget fall into three categories. The first one is all those Abbott obsessions that they are still clinging to. Page 8 of the budget's overview says:

The Government is committed to ensuring that the $13 billion of unimplemented expenditure savings measures are passed by the Senate—

That is the cuts to hospitals, cuts to Medicare, cuts to higher education, cuts to family tax benefits, all still there—all of the horrors from the 2014 Abbott-Hockey budget. The second set of measures are those that have been written and authorised by the big end of town. I read a story online this morning that said that the business community has come out in support of the budget—

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