Senate debates

Wednesday, 14 March 2012

Questions without Notice

Economy

2:14 pm

Photo of Penny WongPenny Wong (SA, Australian Labor Party, Minister for Finance and Deregulation) Share this | Hansard source

If you do not cost your policies properly and you do not fund them properly you cannot deliver them properly—and this is the position in which the opposition find themselves. I feel some sympathy for the opposition backbench, because Mr Hockey and Mr Robb, and presumably Senator Cormann, have got themselves into a position where they cannot find enough cuts to make up the $70 billion black hole and so now they have to impose on their party room a vote with the Australian Greens to kill a company tax cut. That is what they have had to impose on their backbench. One wonders if people like Senator Sinodinos think this is a great idea—for the Liberal Party of Australia to not only oppose a small business tax cut but also seek to combine with the Australian Greens not to allow a company tax cut across the economy.

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