House debates

Wednesday, 24 November 2021

Questions without Notice


2:26 pm

Photo of Josh FrydenbergJosh Frydenberg (Kooyong, Liberal Party, Treasurer) Share this | Hansard source

in the highest numbers in more than a decade. Today we have seen, as a result of programs like JobKeeper, more than 700,000 jobs saved. Today we have more women in the Australian workforce than under Labor. Today the gender pay gap is narrower than it was under Labor. In the last three months we have seen more than $10 billion in tax relief to more than 11 million Australians. As a result of policies supported by those on this side of the House, an Australian who's on $60,000 a year is $6,480 better off. And, as a result of the business investment incentives—the biggest on record—that we put in recent budgets, we have seen investment in machinery and equipment more than 20 per cent higher. That's the strongest growth in machinery and equipment investment in more than 20 years. Small businesses—we have seen the company tax rate for small businesses come down to 25 per cent, the lowest in 50 years. We have seen small and medium-sized businesses create 600,000 jobs between April last year and September this year—that's 1,300 jobs a day—from policies under this side of the House. Now, I'll tell you of one Treasurer who didn't do as well as that, and that was former member for Lilley Wayne Swan, because the member for Rankin learnt at his footsteps. And the member for Lilley said, after the train wreck of the last election—$387 million—


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