Nick Sherry (Tasmania, Australian Labor Party, Minister Assisting the Minister for Tourism) Share this | Hansard source

The minerals resource rent tax announcement of 2 July 2010 will provide a fairer return on Australia’s resources and allow us to cut taxes, and abolish taxes, in the areas that I have outlined. It will cut tax for small business. It will cut tax on superannuation. It will simplify personal tax and it will also lead to investment in infrastructure. All of those tax cuts and investments the Liberal-Nationals oppose. They oppose investment in superannuation. They oppose cuts in taxes for small business. They oppose improved depreciation arrangements for small business. They oppose company tax cuts for small business. They oppose, they oppose, they oppose—because they will not support the minerals resource rent tax. That is their only approach to improving this economy: to oppose, oppose, oppose. (Time expired)