Senate debates

Monday, 18 June 2018

Questions without Notice

Taxation

2:38 pm

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

I can confirm that the good people of Braddon will be so much better off as a result of our plan for a stronger economy, more jobs and higher wages. If the people of Braddon re-elect Mr Brett Whiteley, they will get better outcomes for their electorate, better representation and a local member that stands for higher wages and more jobs in Braddon. Under Labor the people of Braddon will earn less and have to pay more. Not only are Labor going to raise $70 billion in higher income taxes but, according to Labor's numbers, they're also going to take $55 billion out of the pockets of retirees. Nobody is safe under Labor. If you're a small business, they are going to hit you for more tax. If you're an investor, they are going to hit you for more tax. If you're an income earner, they are going to hit you for more tax. If you have to buy your electricity, they are going to hit you for more tax. If you have a house that you are renting out, they are going to hit you with more tax.

The people of Braddon will be so much better off under a coalition government and under Brett Whiteley as the local member than any alternative and certainly than under the leader of the Labor Party. The leader of the Labor Party stands for less opportunity, less investment, lower growth, fewer jobs and lower wages. That is the consequence of his high-taxing, antibusiness, anti-opportunity, antigrowth agenda. All people around Australia, including the people of Braddon, will be worse off if Bill Shorten ever gets the opportunity to implement his socialist, politics-of-envy based agenda in government. I think the people of Braddon understand this. The people of Braddon, like all Australians, want the best for their kids and grandkids. They want their kids and grandkids to have the best possible opportunity to get a good job and pursue a career here in Australia. In order to secure that, we need to ensure the businesses that employ them have the best possible opportunities to be successful in the future.

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