Mathias Cormann (WA, Liberal Party, Vice-President of the Executive Council) Share this | Hansard source

Senator Stoker, thank you for that very important question. The only thing standing in the way of continued economic growth, of continued opportunity for Australian families to get ahead, would be a return to a recklessly high-taxing Labor government. A Labor government under Mr Shorten would pursue a recklessly higher-taxing, antibusiness, class warfare, politics-of-envy agenda, which would make the Australian economy weaker, which would lead to less investment and lower growth, fewer jobs and higher unemployment. Labor want to pile $200 billion of new taxes onto the economy—taxes that would choke the economy and put jobs at risk, no question. They want to put new taxes on property investors, which would mean less investment, lower property values and higher rents. They want to impose new taxes on family trusts so that small and family businesses would find it harder to get ahead. They even want to put new taxes on retirees. Wherever you look, more Labor taxes. (Time expired)