Nick Sherry (Tasmania, Australian Labor Party, Minister Assisting the Minister for Tourism) Share this | Hansard source

It is irresponsible of those opposite to promise to scrap a tax—and of course another one is the carbon tax—but where are they going to get the money from to pay for the pension increase? Maybe in this $70 billion of savings they are actually going to cut pensions? If you remove the tax that pays for the increase, you have to make these savings somewhere. Maybe they are going to reduce Medicare payments; otherwise, where will they find the tens of billions of dollars they need? Reduce pensions? If they reduce the resource rent tax they will have to claw back the compensation in income tax and social security payments. That is why they are $70 billion in debt. (Time expired)