Penny Wong (SA, Australian Labor Party, Minister for Foreign Affairs) Share this | Hansard source

I'll make two comments on that. First, in relation to the SMP and the decision of the Reserve Bank, the statement made clear that the pressure on inflation is coming from private demand. So your question is predicated on an inaccuracy. Second, Senator—I hesitate to do this, but I think that question does invite it—I would remind you that you were a shadow finance minister who went to the election with a plan far higher taxes, larger deficits and more debt. This was the position that you and the shadow Treasurer—was that Mr Taylor?—this team set out to the Australian people a coalition fiscal strategy for the election that was for higher taxes, larger deficits and more debt.