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

Here's my prediction: the Labor Party will end up backing in our business tax cuts in full. You know why I know that? Because last year they were fighting them on the beaches, in the air, by the sea—the $30 billion worth of tax cuts for businesses with a turnover of up to $50 million. Do you know what their position is today? It's their policy. They're backing it in. Last year they were arguing in this chamber that it was the worst thing ever. And what is your policy now? You're backing it in.

Clearly, people across Australia understand that, if we want Australians to have the best possible opportunity to get ahead, we need the businesses that employ them to have the best possible opportunity to be successful and profitable into the future. We want Australians today and our children and grandchildren to have the best possible opportunity to have a job and a career here in Australia. We need to ensure that our businesses are not disadvantaged compared to businesses in other parts of the world. We'll continue to fight for what is right and we continue to fight for the working families of Australia. You have sold them out. (Time expired)