My question is to the Treasurer. This morning the Treasurer said about his $80 billion big business tax cut: 'I don't consider tax relief a cost to the budget.' Is the government's $80 billion big business tax cut unfunded because the Treasurer believes he can conjure the money out of thin air? Isn't it a fact that spending $80 billion on a big business tax cut just means more cuts to Medicare, schools and the pension?

Mr Pasin interjecting—