House debates

Thursday, 27 May 2010

Questions without Notice

Budget

2:39 pm

Photo of Wayne SwanWayne Swan (Lilley, Australian Labor Party, Treasurer) Share this | Hansard source

Yes, I am going to the numbers behind the document, and that is what they find so uncomfortable, because the purpose of that central pie chart is to describe the situation where the Australian people have not been getting a fair share. But this seems to be completely irrelevant to those opposite. Nobody is seriously contesting this. Not even the mining industry is seriously contesting the fact that they need to pay a bit more because the underlying value of our resources has increased substantially and that, if we want to move forward as a modern economy, we should take those revenues and invest them in a lower corporate rate so we can meet the challenges of the mining boom mark 2. They are so embarrassed that they are opposing a lower corporate rate and at the same time they are proposing an increased corporate rate.

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