House debates

Wednesday, 20 June 2012

Bills

Tax Laws Amendment (2012 Measures No. 2) Bill 2012, Income Tax (Managed Investment Trust Withholding Tax) Amendment Bill 2012, Pay As You Go Withholding Non-compliance Tax Bill 2012; Consideration in Detail

Photo of Joe HockeyJoe Hockey (North Sydney, Liberal Party, Shadow Treasurer) Share this | Hansard source

This is the third roll-back on the budget and we are six weeks in. It has been six weeks since the budget was delivered and this is the third change to a budget that has not even started. Aren't you embarrassed? You cannot hold a budget for six weeks! Company tax cuts back on the agenda, dumping the CPI increase on the passenger movement charge and now you are dumping your own tax increase on interest withholding tax. What sort of rabble are you guys? We used to joke that the Labor Party could not hold a policy from Lateline to lunchtime. Now you cannot hold a budget for six weeks. How embarrassing! Where is Swannie? Here he is! How do you feel about that? So much for the surplus.

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