Scott Morrison (Cook, Liberal Party, Treasurer) Share this | Hansard source

To deal with some of the matters, including the ones raised by the Leader of the Opposition: the government's tax plan, which delivers the incentive in our economy for businesses to invest in the country, including attracting foreign capital to invest, which deals with the matter the member opposite has raised, is also subject, over the medium term, to a tax-to-GDP cap of 23.9 per cent. What I am suggesting to the opposition, in how this measure is funded, is that our government is also committed over the medium term to ensuring that our tax-to-GDP rate remains below 23.9 per cent.

But the question that the opposition leader has to answer tonight is will he commit to the same thing, or will he allow taxes as a share of the economy to grow and grow and grow and grow? He has already spoken on the subject of tax, which he has raised in his question—on tax issues he has raised in his question. He has also made some bleatings about the deficit levy. I remind the Leader of the Opposition, and I particularly remind the shadow Treasurer on this issue, that he said—

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