Senate debates

Thursday, 10 May 2018

Questions without Notice

Taxation

2:08 pm

Photo of Mathias CormannMathias Cormann (WA, Liberal Party, Minister for Finance) Share this | Hansard source

As I indicated to the chamber yesterday, the cost of the remaining unlegislated business tax cuts is $35.6 billion in the period to 2027-28. What we do know is that Labor's tax hikes on small and family businesses, on investment, on electricity, on families and on retirees are, so far, more than $220 billion. What we do know is that Labor's tax hikes would hurt the economy, would hurt families and would cost jobs. That's what we know. Has Labor updated its costings in relation to its $220 billion in tax hikes? Is it now $300 billion? Is it $350 billion? How much money are you prepared to take out of the economy to hurt the economy, hurt families and put jobs at risk? (Time expired)

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