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Transcript of doorstop: 21 August 2012



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JOE HOCKEY: I nearly dropped a barbell on my foot at the gym this morning when I heard Wayne Swan say - in an answer to a question from Fran Kelly on whether the government will increase taxes - ‘well we have found the savings and we will find further savings’. When you look at the Labor Government’s definition of savings, at the last Budget, and all the Budgets before, half their so called ‘savings’ are actually tax increases. The truth must out. The Labor Party cannot keep spending like there is no tomorrow, they actually need to be upfront before the election with the Australian people about what taxes they are going to increase to pay for their wild spending spree. According to Julia Gillard there is money for everyone, and there is plenty of it. But what we now know from Martin Parkinson and Ken Henry is that the money is not there unless the government is actually going to increase taxes to pay for its big spending promises on schools, on submarines, on a National Disability Insurance Scheme - tens of billions of dollars, blow outs on asylum seeker policy. This is a Labor Government that is not coming clean with tax increases. We are not going to let them get to the next election, and then during the course of the next election, promise there will never be a carbon tax, or promise there will never be capital gains tax on the family home. We want them to come clean now. They can’t keep spending the way they are.

JOURNALIST:

Wayne Swan is insisting there is a $70 billion black hole in Coalition policies. Can you rule out any tax increases or levy increases when you come to power?

JOE HOCKEY:

The thing about Wayne Swan is every time he is asked a question about his Budget as Treasurer, he turns onto us. He turns onto us! I have said it before, I will say it again, there is no $70 billion hole. The only hole is in Julia Gillard and Wayne Swan’s credibility and that is because they keep telling lies. They might throw out Tony Abbott and Joe Hockey and Peter Dutton and others, but unfortunately, sadly, we have a Prime Minister and we have a Treasurer that lie. They lied before the last election saying there would be no carbon tax. They are telling lies now and it is really regrettable to have to say that but it is the truth and if they were my children they would be on the naughty step on a regular basis.

JOURNALIST:

I think the question was though ‘can you rule out any tax increases or cuts in spending?’

JOE HOCKEY:

No, we are going to cut spending.

JOURNALIST:

Doorstop Tuesday, 21 August 2012 Errors and Omissions Excepted

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Can you rule out tax increases?

JOE HOCKEY:

We have already said that we are going to have a paid parental leave levy but we are going to decrease company tax. The problem is Labor when they talk about tax increases it is new taxes, and then they refer to the mining tax. The MRRT represents less than 1% of Federal Government revenue, less than 1%. So let’s be fair dinkum here, the Government is true to form. It is big spending, big taxing, and that is the way they do it, in that order. They spend big then they tax big.

Spend big then tax big.

JOURNALIST:

[Inaudible]

JOE HOCKEY

Well we don’t know when the next election is. So on today’s numbers, yes, of course. We have found all our savings and we have got our policies, we are ready to roll if an election is called tomorrow.

JOURNALIST:

When are we going to see those policies?

JOE HOCKEY:

You tell me when the election is on.

JOURNALIST:

Are you going to put them out beforehand?

JOE HOCKEY:

Yes, before the election. That is the best time to put out policies. Thank you.

[ENDS]

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