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

The only alternative we are getting from the Labor Party is their 'bad,' 'spend too much,' 'taxed too much', 'borrowed too much' policies. Right now Bill Shorten has made more than $50 billion in unfunded promises, and that is despite all the massive tax increases that he has already announced. That is despite the tax increase he has announced targeting investors in the housing market which will undermine confidence in the housing market because it will drive down property values. We have a Labor opposition led by Mr Shorten which has not learned from the past. They are still at it, spending money they do not have. They are still at it, trying to play catch-up by ramping up taxes. They are still at it, accepting blow-outs in deficits, adding to the deficit moving forward. Of course what they are not telling the Australian people is that ultimately all of that excessive Labor spending would have to be paid for by higher taxes.