House debates

Tuesday, 3 February 2026

Questions without Notice

Economy

2:41 pm

Photo of Anthony AlbaneseAnthony Albanese (Grayndler, Australian Labor Party, Prime Minister) Share this | Hansard source

It's just a fact—$176 billion. That's why we went to the election in 2025 promising lower taxes and lower deficits than those opposite, than the shadow leader over there. What we have done is continue to engage during all of that, dealing with those macroeconomic issues whilst making sure, because we understand that people are doing it tough—it's not enough just to express grievance. What you have to do is come up with solutions, and that is what we have done, whether it be a tax cut for every taxpayer, which they opposed—they opposed it at the time, remember? Before they even saw what it was, they said they were against it and they'd reverse it—they'd turn it over. They then opposed and actually went to an election saying they would reverse the legislated tax cuts that come in on 1 July.

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