Michael Sukkar (Deakin, Liberal Party, Assistant Minister to the Treasurer) Share this | Hansard source

Our approach is lower corporate income tax rates, lower taxes for small business, lower personal income tax rates, and allowing small businesses to access all of the benefits that this government wants to provide them in the instant asset threshold. Importantly, we are a government that believes in integrity in our tax system—not coming in here all hairy chested talking about Apple and Google and then voting against the legislation. What weaklings, to vote against the legislation that raised an additional $2 billion—$2 billion, additional, that we saw, in Senate estimates this week, was directly linked to the passage of that legislation.

It is surprising that, as to that legislation, the Greens showed more economic rationality than the Labor Party. But I suppose that that just indicates how far to the left the Labor Party has gone. I would say to those sensible members of the Labor Party: take back your party, because you are now the party of high personal income tax and high corporate income tax. And I would say: take that to the next election, shadow assistant Treasurer. Take that to the next election—tax increases for every single Australian—and I know which way the Australian people will answer.

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