Senator CORMANN (Western Australia—Minister for Finance, Deputy Leader of the Government in the Senate and Special Minister of State) (14:00): Last night the Treasurer delivered the government's national economic plan for jobs and growth. He delivered our plan to ensure the economy continues to successfully transition from resource investment driven growth to broader drivers of growth and a strong and diversified economy. And our 10-year enterprise tax plan is a key part of that economic plan. It is a key part of making our tax system more growth friendly. Opposition senators interjecting— Senator CORMANN: I know why the Labor Party is yelling and screaming and interjecting. It is because, unlike the Labor Party, we bring the tax burden down in the economy. The Labor Party wants to increase taxes by $100 billion over the next decade, which is— Senator Moore: I rise on a point of order of direct relevance, Mr President. The specific question was the cost of the 10-year plan that the minister over there is praising. Could we have his attention drawn to the cost. The PRESIDENT: Thank you, Senator Moore. The minister was certainly moving to the question. I call the minister. Senator CORMANN: No wonder the Labor Party made such a mess of the budget. They do not realise that budget forward estimates actually go over a four-year period. Over the four years of the forward estimates, the reduction in the company tax rate, as outlined on page 41 of budget paper 2, has a cost of about $2.7 billion. It is, of course, fully paid for by changes in other parts of the tax system. What we have been able to achieve in this budget is to pay for all of our required increases in spending with spending reductions in other parts of the budget, and we have been able to pay for the cost of— Senator Wong: I rise on a point of order of direct relevance, Mr President. I asked one question and one question only: what is the cost of this measure over the 10-year period? The PRESIDENT: Thank you, Senator Wong. The minister was addressing some of the cost measures. I call the minister. Senator CORMANN: The Labor Party really does not like tax cuts which help drive stronger growth and more jobs. This is a tax cut which will help attract additional investment, which will help to increase productivity, which will help to create more jobs, which will help to increase the level of job creation, which will help to increase real wages over time. The costing over the forward estimates is $2.7 billion, and over the medium term it is fully funded and reflected in our medium-term forecasts. I know that the Labor Party does not like lower taxes, I know that the Labor Party does not like more jobs and stronger growth; but this is what this government is actually delivering. (Time expired)