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

The honourable member denounces that—well he may; this was what the Labor Party had in its budget papers only a few years ago. That was the rationale the Leader of the Opposition had only a few years ago. Consistently the Labor Party used to know the commonsense proposition: if you want more of something, reduce the tax on it; if you want more investment, increase the return on investment; if you want less investment, do what Labor wants to do and increase the tax on it—less investment, less jobs, less economic growth, less opportunity. That is what we are about fixing—taxes should be as low as can be afforded, consistent with meeting our obligations. Why? Because we want more investment, more jobs, more opportunities for Australian workers, Australian families, to get ahead. On that note, I ask that further questions be placed on the Notice Paper.

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