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

Perhaps Senator Abetz should have a chat to Mr Hockey, because that is what Mr Hockey has committed to—he will roll back the increase to the tax-free threshold. I suggest Senator Smith goes to Kalgoorlie and tells the people that, guess what, under Liberal Party policy anybody earning under eighty grand a year will get a tax hike because they are going to roll back the tax breaks, the increase to the tax-free threshold, that the Gillard government is rolling out. He should also say to pensioners in Kalgoorlie, guess what—the Liberal Party is going to claw back the pension increase that this government has put in place. Those are the punitive measures Senator Smith should be worried about.