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

This is the sort of inverted logic we get from the opposition. I accept the Treasury advice, which is that we can put a price on carbon, grow our economy and continue to grow incomes at the same time as we reduce our pollution. These might not be propositions that the opposition wish to countenance, but they are the advice of Treasury. The reality is that the opposition also say they want to reduce pollution. That is what they say. Their policy is simple: 'We will tax Australian households more, we will take $1,300 a year off Australian families, we will give it to polluters and we hope that might do something.' This is not a policy with any economic credibility whatsoever, which is why no economist supports it. (Time expired)