Senator WALSH (Victoria) (16:18): Thank you, Senator Smith, for the opportunity to talk about Labor's fourth budget and about how Labor is building Australia's future. Under Labor, jobs are up, with over a million new jobs created on our watch. Under Labor, wages are up, and we have backed pay rises which have ensured that the national minimum wage has risen by almost $7½ thousand per year. Under Labor, inflation is down. Inflation is now a third of what it was at its peak, and we have gotten inflation down without sacrificing Australians' jobs and without sacrificing their wages. Under Labor, on our watch, interest rates are heading down. They are heading in the right direction. And all of this has happened while we have been providing direct cost-of-living relief—the cost-of-living relief that Australians need and that Australians deserve: tax cuts, which you opposite oppose; more Medicare bulk-billing; cheaper medicine; and energy bill relief. All of this has happened on the watch of, with the hard work of, our Treasurer, Mr Chalmers—a Treasurer who has delivered the biggest improvement to the budget bottom line in a single parliamentary term ever, a Treasurer who has delivered not one but two budget surpluses in three years, when those opposite could not deliver one budget surplus in almost 10 years in office. We know you got the mugs printed, but you did not deliver the budget surplus. Now, we need to talk about the alternative Treasurer; we need to talk about Angus. I know that most of those on the other side don't want to hear it. Senator Bragg interjecting— Senator WALSH: Most of you don't want to hear it, but I know that some of you do want to hear about Mr Taylor, Senator Bragg. The ACTING DEPUTY PRESIDENT ( Senator O'Sullivan ): Senator Bragg? Senator Bragg: A point of order, Acting Deputy President: I believe that the standing orders require all senators to use the correct titles of members of the other house. The ACTING DEPUTY PRESIDENT: Indeed. I did indicate to Senator Walsh, in a non-verbal way, that she was out of order. But go ahead, Senator Walsh. Senator WALSH: We need to talk about Mr Taylor; we really need to talk about Mr Taylor. And I do know that some of those opposite will want to hear this, too. I know that some of those opposite want to talk about Mr Taylor, too. Given the leaking, and the leaking of the appeals to stop the leaking, from Mr Dutton's party room, it's pretty clear that many of those opposite want to talk about Mr Taylor. The compare-and-contrast on the alternative Treasurer, Mr Taylor, could not be more stark. Australians should not allow Mr Taylor anywhere near Australia's budget. Australians should not allow Mr Taylor anywhere near Australia's economy. Mr Taylor cannot even tell Australians how much the coalition's nuclear never-never nonsense will cost Australians. He says it will cost 44 per cent less—44 per cent less than some amount that he can't identify, despite having procured his own dodgy costings of this nuclear never-never policy. Well, I am 100 per cent sure that Mr Taylor is about 40 per cent sure of what is actually going on in this country right now. Last night in the same interview, just moments apart, he confirmed that he would not back Labor's income tax cuts but he would cut 41,000 jobs from the Public Service. What a sell from the alternative Treasurer for the Australian people—41,000 job cuts, but no tax cuts! There would be cuts to the services that those public servants provide, but no tax cuts. There would be $340 billion in budget cuts that he won't tell you about until after the election, but no tax cuts for the Australian people. This is the Liberals' great pitch to Australians right now: job cuts, service cuts, budget cuts—but no tax cuts. Well done, Angus—well done, Mr Taylor! The ACTING DEPUTY PRESIDENT: Can you please refer to members of the other place with their correct titles. Thank you. Senator WALSH: Thank you, Acting Deputy President. I was going to move on, but: well done, Mr Taylor! The facts in our budget are clear. The Australian economy is turning a corner. We know that jobs are up under Labor. We know that wages are up under Labor. We know that inflation is down under Labor. We know that interest rates are headed in the right direction under Labor. And we know that under Labor every Australian is being offered a tax cut, which you oppose.