House debates

Wednesday, 20 June 2012

Bills

Tax Laws Amendment (2012 Measures No. 2) Bill 2012, Income Tax (Managed Investment Trust Withholding Tax) Amendment Bill 2012, Pay As You Go Withholding Non-compliance Tax Bill 2012; Consideration in Detail

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

But I am straying to the right place, Madam Deputy Speaker. The budget has not lasted six weeks and already there are three amendments. The Treasurer said solemnly at budget time that 'if there is anything that is going to affect our $1.5 billion surplus, you know what, we're going to increase taxes'. So far they have had three measures that have affected their $1.5 billion promised surplus. This is why you cannot trust Labor. This is why Australians believe the government is incompetent. Don't blame us for the negativity out there: it is all at the hands of the Labor Party. Now Assistant Treasurer, get up here and answer: why are you dumping your own budget today?

Mr Pyne interjecting

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