Mathias Cormann (WA, Liberal Party, Minister for Finance) Share this | Hansard source

It is actually the Australian Labor Party that wants to increase the tax burden on hardworking Australians. You want to take $1 out of every $2 earned from any Australian earning more than $180,000 a year. You want to take permanently, on an ongoing basis, nearly $1 out of $2, out of their pocket. The Labor Party wants to increase the tax burden on the Australian economy by $165 billion. That will lead to less investment, to lower growth, to fewer jobs and to lower wages. The unemployment queues under the Labor Party will blow out, and no amount of misleading statements in the Senate will mislead the Australian people from the fact that, under Labor, the economy would be worse off and Australian workers would be worse off because there would be fewer jobs, more unemployment and lower wages.