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Staying in Canberra, the Opposition says it can save $31 billion from the budget to offset its income tax cut policy. Leader Angus Taylor says the government has lost control of spending.

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00:01We have announced, over recent months, $31 billion worth of saves, which we have laid
00:08out today and they fall into four areas. One is Labor's housing bureaucracy that's not
00:14delivering houses. Significant saves there. The second is Labor's climate bureaucracy
00:21that's not reducing emissions in any material way. We've got an energy minister that's
00:26managed to get electricity prices up by almost 40 per cent and yet has delivered no material
00:35reduction in emissions. The third area of savings is corporate welfare, handouts to big companies.
00:43And the final is welfare, NDIS, to non-Australians. And in total, as I said, that delivers over
00:51the forwards savings of $31 billion. And this is a down payment on the lower taxes, lower
00:57inflation and lower interest rates that this country needs right now. And we've been very
01:04clear about axing Labor's toxic taxes, but also bringing down income taxes over time with
01:09our tax back guarantee.

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