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Wednesday, 27 May 1987
Page: 3398


Mr BRUMBY —Madam Speaker, I direct my question--


Mr Beale —Bye, bye! Another marginal.


Mr BRUMBY —Can Opposition members be quiet?


Madam SPEAKER —Order! Honourable members on my left will come to order.


Mr BRUMBY —I direct my question to the Prime Minister. Can he inform the House of the size of a consumption tax needed to finance a reduction in the top rate of income tax to 35 per cent, income splitting for single income families and a $8 a week increase in the family allowance?


Mr HAWKE —I thank the honourable, experienced and very certainly to be returned honourable member for Bendigo for his question. The answer, very briefly, is that a 12 per cent consumption tax would be needed to finance those measures, plus the cost of abolishing the fringe benefits tax, the capital gains tax and the assets tax. That does not take account of all the other promises that are floating around. So a 12 per cent consumption tax would be needed to finance those measures. A consumption tax is not on, is it, Ian?