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

Sadly, I am aware. Sadly, there is an alternative approach that is promoted by the Labor Party. Under Mr Shorten's leadership, the Labor Party has become the most left-wing Labor Party in the history of the Commonwealth. The Labor Party in Australia today stands for higher taxes, higher energy prices, less trade and more red tape. The Labor Party went to the last election promising more than $100 billion in additional taxes. Senator Bushby asked me about what the implication would be. The implication of higher taxes, higher energy prices, less reliable energy supply, less trade and, indeed, more red tape is less investment and fewer jobs. If you make it harder for business to be successful, which is the Labor Party policy approach, business will be able to employ fewer Australians, which means that unemployment would go up. (Time expired)