Senate debates

Monday, 20 August 2012

Questions without Notice

Carbon Pricing

2:20 pm

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

What is poor public policy is a command-and-control, taxpayer funded, bureaucratically run scheme such as the one that Senator Sinodinos has regrettably had to sign up for. Senator Sinodinos has a sound public policy background. I might not always agree with him, but at least he understands the issues and he, in his heart of hearts, would know how ridiculous it is that those opposite have moved away from a price on carbon throughout the economy and have gone for a taxpayer funded, command-and-control, bureaucratically run carbon scheme with a higher cost to the economy and a higher cost to small business. The biggest impost that could be put on the Australian economy from a carbon policy is the carbon policy of those opposite. That is the reality. In addition, they are seeking to roll back the tax breaks that this government wants to give and is giving Australia's small business.

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