Senator CORMANN (Western Australia—Leader of the Government in the Senate, Minister for Finance, Special Minister of State and Vice-President of the Executive Council) (14:19): Firstly, I don't accept the premise of the question. Secondly, the reference to a $80 billion tax giveaway to big business is false, and the Labor Party knows that. Repeating a lie doesn't make it true. The Labor Party doesn't understand basic economics. A more successful business will hire more Australians. A less successful business will hire fewer Australians. The PRESIDENT: Order, Senator Cormann! Senator Wong, on a point of order. Senator Wong: The point of order is on direct relevance. This question is about a leaked letter which revealed that the commitment to creating more jobs was deleted by business leaders. That is what we're asking about. The PRESIDENT: Senator Cormann is being relevant to the question as asked, in my view, Senator Wong. Senator CORMANN: The Labor Party do not understand basic economics, which is why they left behind a weakening economy and rising unemployment when they last lost government. Businesses will not pay higher wages because they want to but because they have to. If more jobs are being created and there's more competition for workers, then, of course, they'll have to pay more to secure their services. That has always been the key ingredient to stronger wages growth. Stronger wages growth is secure on the back of stronger economic growth and more jobs. Guess what? Higher taxes under Labor will lead to less investment, lower growth, fewer jobs and lower wages. Lower taxes will mean stronger growth, more investment and, of course, higher wages. (Time expired) The PRESIDENT: Senator Sterle, a final supplementary question.