House debates

Tuesday, 6 February 2018

Questions without Notice

Taxation

2:26 pm

Photo of Chris BowenChris Bowen (McMahon, Australian Labor Party, Shadow Treasurer) Share this | Hansard source

My question is to the Treasurer. Last night on Q&A, the former head of the Australian Industry Group and former RBA board member, Heather Ridout, described the government as cowards on economic reform and said its $65 billion company tax cut was 'polarising'. With company profits up 20 per cent last year but wages growth only at two per cent, why is the government pitting business against employees by giving the top end of town a tax cut and increasing taxes on ordinary Australians by $300 a year?

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