Senate debates

Monday, 19 March 2018

Motions

Economy

3:52 pm

Photo of James McGrathJames McGrath (Queensland, Liberal National Party, Assistant Minister to the Prime Minister) Share this | Hansard source

The coalition government is acting to ensure Australia's fiscal sustainability by maintaining our path back to budget balance in 2021 and tackling rising debt. Everything this government is delivering is designed to reduce the burden on families and guarantee essential services. That's why we're committed to keeping taxes as low as they possibly can be. Reducing the corporate tax rate would make a strong contribution to Australia's economic growth and raise productivity, employment and wages in Australia. A lower company tax rate would result in higher earnings and more investment. This will lead to longer term capital gains and higher dividends in the future for domestic shareholders of Australian companies including retirees. Our comprehensive plan to boost investment in Australia also includes a defence industry plan, a national energy guarantee, $75 billion in infrastructure investment and record investments in skills and education.

Question negatived.

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