Joe Hockey (North Sydney, Liberal Party, Shadow Treasurer) Share this | Hansard source

It is the Labor Party dumping a key budget commitment to increase the tax on managed investment trusts, and today they are dumping it. The Assistant Treasurer has not even got the guts to explain why. So come on: the Assistant Treasurer should get up here now and explain why the Labor Party is dumping its own budget promise.

Why is the Labor Party doing this? I thought this was your budget. The Treasurer stood up here six weeks ago and said this was a key component, and now the government is dumping and trashing its own budget. It is okay to dump a Labor leader, but your budget—come on, guys, what is this?

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