Angus Taylor (Hume, Liberal Party, Minister for Energy) Share this | Hansard source

It will cost the economy $472 billion over a decade. It will reduce full-time employment by 336,000 jobs and it will slash wages by $9,000 a year for an average worker. That's $173 a week. Meanwhile, it will increase wholesale electricity prices by 58 per cent. The fact is that, under Labor's big new tax—and let's call it for what it is: a big new electricity tax—Australians will pay more for essentials like food, housing, energy and transport.

Those opposite want to increase every Australian's electricity bill. The Leader of the Opposition has failed to come clean to the Australian people on the impact of Labor's reckless targets, and now we know why. Yesterday, the member for Corio belled the cat in one sector, the mining sector, saying that it would be a wonderful and good thing if jobs were slashed in our most successful export sector. How many regional towns will be devastated by Labor's policies? The Australian people deserve to know what Labor is wanting to sign them up for. Labor's dirty secret is the devastating impact of their high emissions targets. Only this government can be trusted to keep the economy strong. (Time expired)

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