Zed Seselja (ACT, Liberal Party) Share this | Hansard source

That is fine. We believe there should be a conversation on tax, and that is why there is a series of processes for that. But the Labor Party has announced something like $62 billion in extra spending and something like $5 billion in revenue measures to deal with it. That is the Labor Party's current economic credentials, to say nothing of their record in office and to say nothing of the record debt and deficits they left us with. But, going forward, the Labor Party's position on tax is that they will pull a few billion back here and there, but they have $62 billion in promises to date. That is to say nothing of their intimation that they will somehow bring back an extra $80 billion of spending in health and education. That would go on top.

So let's have a fair dinkum conversation about it. Even ACOSS and other groups have said that they are open to a dialog to see how we can make sure we have the most effective, fair and efficient taxation system in this country. The coalition wants to see lower taxes. That is fundamentally what we want to see in the tax space. Unlike the Labor Party, we do not always look to increase taxes. We want to see lower taxes.