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Wednesday, 20 November 1974
Page: 2568

Senator TOWNLEY (Tasmania) -I would like to take a few minutes of the time of the Senate to discuss under standing order 190 some of the things that were said by the Prime Minister, Mr Whitlam, last week. Some people say that Mr Whitiam 's moves are going to do a lot to restore business confidence. Some people feel that his actions represent a permanent change of heart by those who are presently running this country. Some people feel that others like Bob Hawke and Dr Cairns have changed their aim of total control. These moves will do practically nothing. How can a very small reduction of 2Vi per cent in company tax boost business confidence? How can a very small reduction in income tax for the quarter of a million people who are presently running small businesses throughout Australia con them into expanding and employing more people when, on Mr Whitlam 's own admission, the Government could again change course in its political and economic stream in a little while? Will the business people of Australia really believe that Mr Whitlam, Dr Cairns and Mr Hawke have changed? We must remember that this mini-Budget which was brought in last week was brought in only about 6 weeks after the Budget. In my opinion, we could easily see another change in a few weeks 'time.

Senator Wriedt - How are the profits in the chemist shop?

Senator TOWNLEY -What was that, Mr Minister? If honourable senators wish to have a go I am quite willing to answer them.

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