Jim Chalmers (Rankin, Australian Labor Party, Treasurer) Share this | Hansard source

I can hear the ill-informed guffaws from over there. They seem to have forgotten that they went to an election with a policy to increase taxes on every working Australian. They might want to think about that before they interject.

On the serious issues that the member for Wentworth raises, of course this is a government that looks to give bracket creep back when it's affordable and responsible to do that. We've done it five different times already in the four years that we've been in office. We'd like to get the opportunity to do that again into the future. I'll come to the medium-term outlook, which was also cited in the honourable member's question. With the big improvement over the medium term in the budget position, by the end of the 10-year period, three times more of a contribution is made by our savings effort than the changes in taxes. But, if and when there's more room to return more bracket creep, of course we'll look to do that. (Time expired)

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