Penny Wong (SA, Australian Labor Party, Minister for Finance and Deregulation) Share this | Hansard source

I will take that interjection, Senator Abetz. 'They always have,' he says, because all he is interested in doing is standing up for the interests of a fortunate few—standing up for higher profits for already profitable miners. What he is not interested in standing up for is things such as the $6,500 instant asset write-off for small businesses, something that all small businesses could be entitled to whether they are incorporated or not. This is a tax break for small business that those opposite are opposing.

As you know, Mr President, we on this side are also committed to cutting the company tax rate and we have released a draft of the legislation to reduce the company tax rate to 29 per cent, which includes a head start for small business with a tax cut— (Time expired)