Senate debates

Tuesday, 11 September 2012

Questions without Notice

Economy

2:50 pm

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

It is true that you have to have an eye to the effect of taxation on work and on investment. That is one of the reasons why this government is implementing an increase in the tax-free threshold, which will particularly ensure low-income Australians can receive more of every dollar they earn. That is an incentive to participation. That is ensuring that taxation instils the incentive to work. It is a good policy and it is a discredit the opposition that they are opposing it. But when—

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