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

Thank you, Mr Speaker. I was asked about productivity and the performance of productivity in our economy, and I've explained why the number the shadow Treasurer used today is especially dishonest.

When it comes to the tax reforms in the budget, it takes a special kind of thinker to see a productivity challenge that has existed in our economy for decades and think the answer to that is to leave everything exactly as it is. When Howard and Costello made the big mistake at the turn of the century, they said that share investment would go up, and it went down. It turbocharged the challenges we have in our housing market. It locked generation after generation of young people out of housing. We're taking the difficult decisions to change that, and we've got a budget which is very focused on productivity as well.

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