Mark Arbib (NSW, Australian Labor Party, Minister for Sport) Share this | Hansard source

Over the past four years we have made savings of $100 billion to the budget. On the other side we have a coalition that has walked away from budget surpluses; it has now walked away from getting the budget back in the black. Mr Abbott has now made known his point which we already knew because Andrew Robb, the shadow finance minister, has also made that claim. At the same time, the coalition has walked away from tax cuts. There will be no tax cuts under the coalition in its first term.

This is a coalition that has given up on good economic management. As I said, Peter Costello and John Howard would be ashamed. This is a Liberal Party that is no longer committed to keeping the economy in the black. This is the modern Liberal Party. They will walk into this chamber and they will vote against small business tax cuts when the MRRT bills come through. That is the Liberal Party. (Time expired)