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

We are not going to take a lecture from a Labor Party that delivered $240 billion of accumulated deficits. Mr Speaker, do you remember the four budget surpluses that the then member for Lilley, Wayne Swan, announced? Guess who wrote the speech? The member for Rankin—who, we know, likes to tax a lot.

The reality is: we are paying back Labor's debt, and we are doing that by growing the economy. What we will never do is: we will never whack the Australian people with $387 billion of higher taxes.

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