Craig Emerson (Rankin, Australian Labor Party, Minister Assisting the Finance Minister on Deregulation) Share this | Hansard source

Get them now because the price of lollies is going to go up under the Resource Super Profits Tax —it is going to put up everything! The latest claim is that it is going to put up electricity prices.

The report from KPMG Econtech completely refutes that. The opposition talk about reading reports—read the one from KPMG Econtech which shows that the price effect will be that prices will go down. How is that going to help small business? Read the report. Have a look on page 36, which shows the policy impact of the whole tax package on various items: food, -0.1 per cent; clothing and footwear, 1.3 per cent down; housing, 1.1 per cent down; household contents and service, 1.1 per cent down; health, 0.6 per cent down; transportation, 1.7 per cent down; communication, 1.4 per cent down; recreation, 1.3 per cent down; education, 0.3 per cent down; and financial and insurance services, down. Prices are going down, not up, so forget about your silly Mars bar scare campaign. It is just a joke—it is just a farce. That is because you are just a joke—you are just a farce. Winston Churchill was right. I am very relieved that you came in here firing bullets and missed everyone. (Time expired)

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