Mr MORRISON (Cook—Treasurer) (14:54): I thank the member for his question and the Prime Minister for the opportunity to respond. Under this government, we've taken gross debt, which was growing at 30 per cent under the Labor Party, under the current budget and forward estimates to two per cent. From 30 per cent to two per cent. That's what's happened. We have wrestled Labor's gorilla of debt to the ground; that's what we've done. Net debt this year turns around and we pay it down by $30 billion over the next four years and $230 billion over the next 10 years. That's what this government has been doing. I'm asked about what's happening in terms of the economy and what the impact of that is on revenue. We all know how many times the member for Lilley took a swing and a miss when it came to estimating revenue, but it never stopped them from spending the money! He was out by five per cent every single year; a swing and a miss every single time. What I can inform the House of today, as the Minister for Finance has, is that our company tax revenue, as of the end of May, to the end of the year, is up by $1.1 billion. That's what's happening. Increasingly of importance is the fact that our expenditure at that time is also down $3 billion. This is a government living within its means. This is a government that has taken the debt and the deficit of the Labor Party and has worked tirelessly year after year since we were elected to turn it all around. In 2019-20 we will come back to surplus one year ahead of projection. Opposition members interjecting— The SPEAKER: The member for Isaacs is warned. Mr MORRISON: That is one year ahead of what was forecast, because we're a government that knows how to live within its means. What the Labor Party is about is taxes going up and up and up, whether it's the $5 billion tax on retirees or putting up taxes on small- and medium-sized businesses. The Leader of the Opposition, the Leader of the Labor Party, and the shadow Treasurer have to be honest with the businesses of Australia: are you going to reject and reverse the tax cuts for small businesses between $2 million and $10 million? The Leader of the Opposition, on a captain's call, could go out there yesterday and unilaterally declare that the tax cut's gone for $10 million to $50 million. We know that the member for Sydney doesn't think it should happen. We know that the Leader of the Opposition has gone around telling everybody that he's going to reverse the whole package. Tell them straight. I know that he finds it hard to make telling the truth a habit, but on this one occasion he should be clear to the Australian public and the millions of businesses and the millions of Australians who work in those businesses: are you going to claw back the tax cut that was legislated by this parliament for businesses between $2 million and $10 million? It's a pretty simple question. The shadow Treasurer has been running around in circles on it for two years. He can't fess up to it. We've got by-elections in Longman, in Braddon, in Western Australia— (Time expired)