House debates

Wednesday, 1 March 2017

Questions without Notice

Economy

2:05 pm

Photo of Malcolm TurnbullMalcolm Turnbull (Wentworth, Liberal Party, Prime Minister) Share this | Hansard source

Honourable members opposite can scoff, but what they forget is that, if you are looking for a job in Western Australia, you know you have a better chance now than you did a year ago and you know you are doing better because you have got stronger economic growth.

None of this has happened by luck; it is the result of carefully considered policies, prudent economic management and strong leadership. Every single one of our policies, every single one, from the middle-income tax cuts, to our instant asset write-off for small business, to our commitment to infrastructure, to our focus on innovation, to our commitment to opening up more export opportunities—all of our policies and measures are focused on delivering stronger economic growth, and we are seeing that stronger economic growth across the country.

The business tax cuts the Labor Party used to be in favour of and published extensively on and orated on, in the case of the Leader of the Opposition. He said how cutting business taxes would deliver greater productivity, more investment, more growth and more jobs. All of those things were in the 2010 budget, when they said it would put money in the pockets of workers if you cut company tax. They were right then and it is right today. All of those things they have now walked away from, just like the Leader of the Opposition has walked away from his commitment to the independent umpire in industrial relations. The Labor Party's recipe is one for higher debt, higher deficit, lower growth and fewer opportunities for Australian families. (Time expired)

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