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

including an R&D tax concession to the 20 biggest companies in Australia worth $1.1 billion. Let's get this right. Labor are concerned about 40c a week extra on fuel, but at the same time they are defending a tax concession of $1.1 billion to the 20 largest companies in Australia that they announced was unfair when they were last in government. This is the hypocrisy of the modern Labor Party. This is the true hypocrisy of the modern Labor Party.

They would rather give a tax concession to the 20 largest companies in Australia than get on with the job of fixing a budget mess that they created. I say to the Labor Party: we are getting on with the job of fixing the economy and fixing the budget. That is one of the reasons why we have job creation at the moment three times the speed of the last year of the Labor Party. That is one of the reasons why today we had record numbers in infrastructure coming through in Deloitte Access Economics' assessments. That is one of the reasons why we know what to do to make Australia more prosperous.

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