Penny Wong (SA, Australian Labor Party, Minister for Finance and Deregulation) Share this | Hansard source

The government has guaranteed that every cent used in the revenue raised from a carbon price levied on the biggest polluters will be used to assist Australian households, to protect jobs and to tackle climate change. The guarantee that those opposite fail to see is the guarantee that they cannot provide when it comes to the $30 billion they will take out of taxpayers' pockets to give to the biggest polluters in Australia. That is the cost of your policy. As Mr Turnbull said, it is a policy that is inefficient, that is a recipe for fiscal recklessness and that takes from taxpayers and gives to polluters without any guarantee that Australia's pollution will actually drop. It is an absolute joke. Those of you on that side such as Senator Humphries, who have some regard for good public policy, ought to be ashamed.