House debates Tax Laws Amendment (Personal Income Tax Reduction) Bill 2007

Second Reading

Wednesday, 23 May 2007 House of Representatives

Chris Bowen

Chris Bowen Prospect, Australian Labor Party, Shadow Assistant Treasurer

9:33 am

We did it in office, as the member for Hotham said. This Treasurer—and the member for Hotham makes a very worthwhile contribution from the dispatch box—and this government said, ‘We are the only party which have ever introduced consecutive tax cuts.’ Let us recall that Labor, when in office, introduced seven tax cuts across the board—not just for high-income earners, not just for low-income earners, but across the board. Labor reduced the top marginal tax rate from 60 per cent to 49 per cent.

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