House debates

Thursday, 16 February 2017

Questions without Notice

Taxation

2:01 pm

Photo of Malcolm TurnbullMalcolm Turnbull (Wentworth, Liberal Party, Prime Minister) Share this | Hansard source

Going after capital gains tax changes is the opposition; it is the Labor Party; it is the only major party in this chamber that has a set of economic policies, every one of which is guaranteed to undermine investment and undermine employment—every single one. Whether it comes to tax, whether it comes to energy, whether it comes to regulation—right across the board—they want to stop trade, stop investment and stop employment. And when they are asked about it, the incoherence is extraordinary—absolutely extraordinary!

Last night, David Speers, doing his best, asked about the Renewable Energy Target. He asked the shadow Treasurer about the Renewable Energy Target. Mr Speers said, 'What about the impact to the budget?' It is a fair question. And this was the answer from Chris Bowen, 'And … the … the … again … the electricity … ah … trading scheme post, you know … it … it … it… where some people, where some … um … it cancels each other out, so yes.' That was the answer.

In this age of cyberwarfare, has a malevolent hacker intercepted the honourable member's neural circuits and inserted a random word generator? What is going on? What does it mean? Is it in code? We have some of the finest cryptographers in the world—will they be able to crack it? The extraordinary thing is, he is often very coherent. As he said in his book, Hearts & Minds, 'It's a Labor thing to have the ambition of reducing company tax, because it promotes investment, creates jobs and drives growth.'

Comments

Tibor Majlath
Posted on 17 Feb 2017 6:38 pm (Report this comment)

Labor is just as bad at loading costs onto consumers as the Coalition.

No one manages anything properly because we keep paying higher and higher energy prices even without a carbon tax.

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