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

The federal Treasury modelling showed we could grow the Australian economy and we could increase incomes and jobs. I am advised that the modelling projects the economy of Queensland to grow by 42 per cent to 2020 alone and by 212 per cent by 2050, with employment also increasing by around 460,000 jobs by 2020—with a carbon price. The modelling shows that Queensland maintains strong growth under a carbon price, with mining, construction and services growing by many multiples out to 2050.

The facts get in the way of the fear campaign yet again. The thing that Senator Joyce can never explain and no-one on that side can ever explain is why they are going to whack households with more tax and somehow $1,300 more tax will be good for the economy. Why is it that the senator continues to oppose sensible tax cuts for small business?