House debates

Wednesday, 14 March 2012

Questions without Notice

Mining

2:12 pm

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

The party of Menzies, supposedly the party of small business, is opposing in this House tax cuts to 2.7 million small businesses in terms of the instant asset write-off and this very important legislation which will come to the House. So I challenge all of those opposite to support this legislation in the House because it is vital to economic growth in this country. That is why we on this side of the House are so committed to tax reform which taxes the superprofits of the most profitable companies in the country and spreads it to every postcode across the country. That is what it does as—

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