Mathias Cormann (WA, Liberal Party, Minister for Finance) Share this | Hansard source

Here we have Senator Conroy interjecting about the tax burden in the economy. Let me be very explicit: the tax burden as a share of GDP today is lower than it would have been under Labor, because we got rid of all of Labor's job-destroying and investment-destroying taxes like the carbon tax and the mining tax. Labor did not take a policy to the last election and Labor does not have a policy right now to reduce income taxes, when I last looked. Unless Senator Conroy wants to tell us that the Labor Party has a policy to reduce income taxes—I see that he is now distracted. Labor is the big-spending, high-taxing party; we are the party of lower taxes. (Time expired)