Josh Frydenberg (Kooyong, Liberal Party, Treasurer) Share this | Hansard source

We have a $200 billion defence industry program that has commissioned 54 naval vessels to be built here in Australia. How many naval vessels to be built here in Australia did the Labor Party commission during their term in government? None.

The alternative to this plan from the government that's creating jobs and lowering taxes is the Labor Party's plan to put $200 billion of additional taxes on the Australian economy. They will suffocate the Australian economy with $200 billion of additional taxes. What about negative gearing? Anyone who owns a home will see their home worth less as a result of Labor's policy. Under Labor's policy, anybody who rents their home will see their rents go up. What about retirees? There will be 900,000 retirees worse off after Labor's desperate tax grab. What about the carbon tax? It's coming back—as the member for Isaacs let out of the bag the other day. Only the coalition can be trusted to grow the economy, create jobs and lower taxes.

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