House debates

Wednesday, 20 June 2018

Matters of Public Importance

Income Tax

3:52 pm

Photo of Ted O'BrienTed O'Brien (Fairfax, Liberal Party) Share this | Hansard source

The Liberal-National Party believes in free enterprise. We believe in empowering the individual to realise their full potential. The Australian Labor Party believes in big government and ensuring that the average Australian worker is kept down and cannot achieve his or her full potential. That is why the motion being put by the shadow deputy leader today is a disgrace. I say that on three grounds. Firstly, the Labor Party wants to deny Australian workers the opportunity to work in the first place. Secondly, the Labor Party wants to ensure that the Australian worker is treated as a second-rate citizen. Thirdly, where the Australian worker makes a buck, the Labor Party wants to tax them as much as it possibly can.

Let's take these three in good order. They want to deny the opportunity to work. Here we are, as a government, trying to provide company tax cuts so that companies can reinvest in their businesses and create jobs for Australians. The Australian Labor Party do not want that to happen. They do not want to see more jobs created for Australians. Here we are, making a record spend on infrastructure—$75 billion over a 10-year period—yet the Australian Labor Party will not support our infrastructure spend. When they make announcements, they're announcing old money or they're covering money that's already been announced by state Labor governments. They're not interested in seeing infrastructure built, which, of course, would create jobs for everyday Australians.

We have the most ambitious trade agenda that any government has ever had—evidenced by the China, Korea, Japan, Peru and TPP-11 free trade agreements—and all we have been is stymied by those opposite. With the China FTA, we have the union movement, with Labor support, running a fear campaign. Of course, the Leader of the Opposition wanted us to dump the idea of any TPP-11—and, of course, now we're on a fast track to have that ratified—denying the opportunity for everyday Australians to enjoy jobs through exports.

Our latest national accounts delivered a 3.1 per cent growth over a 12-month period. The No. 1 driver from the last quarter was exports, and yet those members opposite are trying to refuse the opportunity for Australians to enjoy jobs through the export markets. Despite their mantra for fairness, the Labor Party will always put the worker second. We know that because this government restored the Australian Building and Construction Commission, the ABCC. Those opposite wanted to fight against it. They were happy to see lawlessness prevail on the Australian worksite so the thugs and bullies could have it over the everyday Australian worker. That's how they treat them, as second-rate citizens.

We on this side, of course, wanted to prioritise Australian workers by getting rid of the 457 visa scheme and replacing it so Australian workers get more work. But of course, those opposite love the 457s, as evidenced by the opposition leader, who had almost a world record in increases when he was the responsible minister for the 457 visas—from about 68,000 to 110,000. Loving the idea of foreign workers over Australian workers, that's the Australian Labor Party. Despite the fact that this government is now seeking to legislate an amnesty so that hard-earned savings earned by workers can be restored to them, the Australian Labor Party are denying that opportunity. Second-rate citizens: that is how they treat the workers. Those workers who make a buck, they get taxed. We want to have personal income tax cuts. What do they say? 'Uh-huh! We do not want the worker to pay less tax.' They want to ensure that if they own an investment property, the everyday Australian worker will be punished through negative gearing capital gains tax restructuring. That is how they treat the Australian worker. And likewise the retirees, older Australians in particular, if you own a share portfolio through their franking credit scheme, it's all over for you too; you will pay more tax.

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