Mathias Cormann (WA, Liberal Party, Vice-President of the Executive Council) Share this | Hansard source

Sadly, I will have to disappoint Senator Paterson. We will have to be ever vigilant. There are risks and the name of the risk is Labor. While it was very difficult to ascertain what precisely their position on income taxes was, in the end we know one thing: when it's all said and done, Labor stands for higher taxes, and higher taxes would mean lower growth, a weaker economy, a weaker country and fewer jobs.

Of course, the Australian people can rest assured that, as long as we are the government of Australia, we will stand for lower taxes, stronger growth, more jobs and better opportunity for Australians to get ahead. Of course, that is the agenda that we took to the last election and that was overwhelmingly endorsed by the Australian people. That is the agenda we will continue to prosecute over the next three years all the way to the next election.