Mathias Cormann (WA, Liberal Party, Shadow Assistant Treasurer) Share this | Hansard source

Mr President, I ask a supplementary question. Given that Treasury's modelling of the carbon tax impact is based on the US joining with Canada, Japan, India, Korea and China in an international carbon trading system by 2016, even though none of those countries are likely to adopt such a scheme, by how much more will the cost of living go up as a result of the carbon tax and how much higher will costs to the economy be because the government's assumptions turned out to be absolute false?