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

Self-evidently, out of $144 billion, a component that costs $44 billion is not the most expensive. That's simple maths. What I would say to the Labor Party is that if you are worried about the third stage taking effect so late in the piece then why don't you go to the next few elections—in opposition, I hope—promising to abolish it? Just get out of the way and let the government get on with its job to implement the plan for jobs and growth that we believe is required for the best opportunity for all Australian families to get ahead, and promise to the Australian people that you will jack up their taxes. You've already admitted to more than $200 billion in higher taxes, which would hurt the economy, hurt families and cost jobs. Just add this to the ledger. Just go to the next few elections and say that you're going to increase taxes on everyone. We already know you're increasing—