House debates

Wednesday, 22 August 2012

Questions without Notice

Economy

2:09 pm

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

I am. I am referring to taxation. I am referring to our commitment to keep the tax-to-GDP ratio below the level that we inherited from those opposite, who were the highest taxing government in our history. I am referring to our record of making savings to make room for our Labor priorities. I am also referring to the fact that there is a $70 billion crater in their budget bottom line, which is one of the reasons they have committed at this stage to jacking up the company tax rate. So there is a very clear contrast between the fiscal discipline we see on this side of the House and the clowns that are running economic policy on that side of the House. (Time expired)

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