Scott Buchholz (Wright, Liberal Party) Share this | Hansard source

It gives me great pleasure to stand and speak on the Treasury Laws Amendment (Cost of Living Tax Cuts) Bill 2024. Fundamentally, the reason the Liberal Party will be supporting this bill is that we are the architects of the stage 3 tax cuts. We're the architects, the legislators and the choreographers of stages 1, 2 and 3. We brought these bills about. We brought them into the parliament with the support of the now government, when in opposition.

The previous speaker is just leaving the chamber. When the government say that we have no plan, I'd remind the House and the previous speaker that this is our plan. Stages 1, 2 and 3 are ours. We legislated them. I'll speak further to the stage 3 tax cut changes that have been put forward and I will suggest that we should no longer refer to the stage 3 tax cuts that were legislated in this House as stage 3; we should refer to them as stage 2.2, because they go some way, but not all the way, to what we were trying to achieve.

I can understand why Labor have made the changes that they have and have brought them to the House. The immediate polls are suggesting the Australian public have received them quite well. Everyone loves a sugar hit. Everyone loves an extra couple of bucks in the pocket. But we will always be the party that brings lower taxes to this House. We are the party—

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