Senate debates

Thursday, 21 June 2018

Questions without Notice

Income Tax

2:38 pm

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

To assist Senator Wong, let me say directly that I don't accept the premise of the question, which is that the assumptions are overly optimistic. They're not. The Treasury secretary has clearly confirmed that they're prudent economic forecasts that are in line with other relevant independent institutions like the RBA and the IMF. Of course, everybody knows that the Labor Party will go to the next election with a promise for higher taxes. We'll go to the election entrenching lower taxes. (Time expired)

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