Anthony Albanese (Grayndler, Australian Labor Party, Prime Minister) | Hansard source

I'm asked about the tax cut that comes in today—the tax cut that is a part of our trajectory, which when we came into office had the first income tax bracket being at 19c and has taken it down to 15c today and 14c next year on 1 July. That is making a substantial difference to working families. But it's not just tax cuts, of course. It's also paying them more, which is why the minimum wage increases that have come in today, our fifth lot, will make a difference, because we want people to earn more and keep more of what they earn.

I'm asked about the tax cuts today and about coalition policy, believe it or not. I have been that lucky! Coalition policy for the tax cut that came in today was to have come into this parliament if they were successful on 3 May last year and to have reversed it. So their policy was zero. To be fair to the member for Lyne, she wasn't here then.

But everyone who was here, in the right-wing parties—even if they were in different parties at that time, because it's hard to keep up, to be fair, with the titles over there—voted for $75 billion in higher personal income taxes. They voted for $14 billion of higher taxes on the resources and manufacturing sectors by abolishing production tax credits. They voted for higher taxes on motorists by abolishing the EV concession, and higher taxes on housing construction by abolishing Build to Rent. They voted for, or wanted, higher student debt by abolishing the 20 per cent cut, and they wanted to, of course, abolish the Cheaper Home Batteries Program—like everything else in the renewable space. And, of course, they also—I was asked about your policies!

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