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

The 10 per cent electricity carbon price impact is in fact what the government modelled and is factored into the 0.7 cost-of-living increase. I thank you for the own goal, Senator, because you have confirmed to us that our modelling is correct. At least one time in this chamber we get a concession, albeit by mistake, from Senator Joyce that the government's modelling is correct. The 10 per cent increase is what we modelled and that is what is factored into the increased payments for households—less tax; a tax break for everyone earning under $80,000, opposed by you; increases to the pension, opposed by you; increases to the family tax benefit, opposed by you—just as Senator Joyce and others oppose tax breaks for small business and for the broader economy. So do not come in here, Senator, and talk to us about cost-of-living pressures given your record and your voting position.