Michael Sukkar (Deakin, Liberal Party, Assistant Minister to the Treasurer) Share this | Hansard source

We know that the Labor Party model now is higher deficits, higher debts and higher taxes for Australians. That is the model. We have progressed $24 billion in savings, most of which have been opposed by the Labor Party. We have also seen, shamefully, from the shadow Assistant Treasurer and others opposition to a multinational tax avoidance bill that has seen us collect $2 billion in additional revenue. Why would you vote against that, Labor Party? Why would you vote against that, member for McMahon? It is quite a day when the Greens show more economic sense than the Labor Party. It is an absolute disgrace that you would do that and that you would jeopardise our AAA credit rating. If the member for McMahon was still the Treasurer—but let's remember that you are not because you were unceremoniously dumped in the 2013 election—we would have lost the AAA credit rating at that point. And, now, the Labor Party have tried to frustrate every single attempt.

We will keep going. We have been able to show the Labor Party ways in which we can repair the budget and improve the economy simultaneously—1.1 per cent economic growth in the last quarter. They are great numbers. We are the fastest-growing economy in the G7. I would expect that the Labor Party would applaud that.

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