Wayne Swan (Lilley, Australian Labor Party, Treasurer) Share this | Hansard source

We are very proud of our proposal to treble the income-tax-free threshold, a very substantial benefit for low-income Australians, something that will be ripped away by those opposite, along with the increases in pensions and family payments.

And we are determined to spread the benefits of the mining boom right around Australia: the tax cuts to 2.7 million small businesses, opposed by those opposite. We are determined to bring the budget back to surplus in 2012-13, something that those opposite cannot do. They have walked away from their commitment to surplus because of a $70 billion crater in their own budget bottom line. That $70 billion crater means they cannot—

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