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

I thank the member for Rankin for his question, but it's an inconvenient truth for him that the unemployment rate today is lower than when he was tagging the coat of Wayne Swan. It's lower than it was under the Labor Party. It's an inconvenient truth for the member for Rankin that there are more trade apprentices today than when Labor was in government.

It's an inconvenient truth for the Labor Party that, despite this COVID recession, we have seen business investment up by 9.1 percent off the back of business investment incentives. It's an inconvenient truth for the member for Rankin and the Labor Party that, when they took to the Australian people $387 billion of higher taxes, it was rejected by the Australian people and instead they voted for lower taxes and for the coalition. And, since that time, we have delivered lower taxes. It's an inconvenient truth for the member for Rankin that in the September quarter we saw more than $10 billion in tax relief provided to more than 11 million Australians, which was the largest tax cut in a quarter for more than 20 years. These are the facts: more people are in a home, more people are in a job, more people are getting tax cuts and more people are having a stronger recovery from the biggest economic shock since the Great Depression.

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