House debates
Thursday, 3 November 2011
Bills
Minerals Resource Rent Tax Bill 2011, Minerals Resource Rent Tax (Consequential Amendments and Transitional Provisions) Bill 2011, Minerals Resource Rent Tax (Imposition — General) Bill 2011, Minerals Resource Rent Tax (Imposition — Customs) Bill 2011, Minerals Resource Rent Tax (Imposition — Excise) Bill 2011, Petroleum Resource Rent Tax Assessment Amendment Bill 2011, Petroleum Resource Rent Tax (Imposition — General) Bill 2011, Petroleum Resource Rent Tax (Imposition — Customs) Bill 2011, Petroleum Resource Rent Tax (Imposition — Excise) Bill 2011, Tax Laws Amendment (Stronger, Fairer, Simpler and Other Measures) Bill 2011, Superannuation Guarantee (Administration) Amendment Bill 2011; Second Reading
12:46 pm
Andrew Robb (Goldstein, Liberal Party, Chairman of the Coalition Policy Development Committee) Share this | Hansard source
It means we are highly vulnerable. With this mining tax and the carbon tax, the government are spending money they do not have. This means we are being put in a highly vulnerable position with deficits potentially for another 10 years.
This bill should never have come before this House. It is the result of the politics of envy. It means that, as a country, we are shooting ourselves in the foot. Under this appalling government it will turn away job creating investment, it will make our economy more vulnerable, it is antigrowth and it is just another piece of stupidity. If we get the privilege of government, we will remove this tax.
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