Senator SHERRY (Tasmania—Minister Assisting on Deregulation and Public Sector Superannuation, Minister for Small Business and Minister Assisting the Minister for Tourism) (14:11): In other words, what Senator Cormann has said is that the Liberal Party in the run-up to the next election will reverse the small business tax cuts—$1 billion of tax cuts for small business. Opposition senators interjecting— The PRESIDENT: Order! Senator Sherry, resume your seat. Obviously, people are excited. I ask people to exercise a bit of calmness. We need to hear the answer. Senator SHERRY: I am not just excited; I am angry because the Liberal Party is going to increase taxes on small business in this country. It is going to increase $1 billion in new taxes on small business. In addition to that, this Labor government is very proud that it is effectively going to remove the contributions tax from 3½ million Australians. Three-and-a-half million Australians are effectively going to have the contributions tax removed. Again, Senator Cormann yesterday indicated that in the run-up to the next election the Liberal Party is going to increase taxes on 3½ million Australians' superannuation. I look forward to the debate, Senator Cormann. The Liberal Party stands for increased taxes. (Time expired) Senator Cormann: No, we're not. Honourable senators interjecting— The PRESIDENT: Order! Senators Wong and Cormann, I remind both of you that the time to debate this is at the end of question time.