Mr SWAN (Lilley—Deputy Prime Minister and Treasurer) (14:44): I reckon the member for Wentworth is going to be pretty happy because at least he has got the Leader of the Opposition to ask a question on the economy! So I do welcome that question. I welcome that question about tax because I am very happy to talk about tax. I am very happy to talk about the record of our government compared to your government. You came from a government which had the highest tax in history—the highest taxing government in Australian history. Tax to GDP peaked at 24.2 per cent under the Howard government and— Mr Pyne: Madam Deputy Speaker, on a point of order: the Treasurer was asked whether he would rule out increasing existing taxes or introducing new taxes to fund his $120 billion black hole— The DEPUTY SPEAKER ( Ms AE Burke ): The Manager of Opposition Business will resume his seat. The Acting Prime Minister has the call. It was a fairly large question, but I would ask him to return to the question before the chair. Mr SWAN: I was asked about tax and I am answering that. We in government have made the commitment to keep tax below the level that we inherited—23.7 per cent of GDP. I have pointed out that the members opposite served in a government which was the highest taxing government in our history. Then I was asked about a hole, when the fact is that there is a $70 billion crater in their budget bottom line and the shadow Treasurer has told everybody that all the costings are done. So, if all the costings are done, why doesn't he just take the walk around to the Parliamentary Budget Office and slip in all of the opposition's plans so the public can see. But we remain committed to the commitment we gave— (Time expired) Mr Pyne interjecting— The DEPUTY SPEAKER: I think the member for Sturt might be treading on dangerous ground if he is going to be talking about paying respect to the Deputy Speaker!