Senate debates

Thursday, 21 June 2018

Questions without Notice

Income Tax

2:16 pm

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

What I can confirm is that every Liberal and National Party senator and every crossbench senator who supported our plan proudly voted against your plan to increase the tax burden on Australian families by $70 billion. We, the Senate, decided not to support your $70 billion tax hike on Australian working families.

That is, of course, only part of your tax hike that you would impose on the Australian people if you were elected to government. You want to put your hands into the pockets of retirees. You want to put your hands into the pockets of small and family business. You want to put your hands into the pockets of working families. You want to increase the tax burden across Australia by more than $200 billion. If you were in a position where you could do this, it would hurt the economy, it would hurt families and it would cost jobs. Bill Shorten stands for an agenda which would lead to less investment, lower growth, fewer jobs, higher unemployment and lower wages. We stand for stronger growth, more jobs and higher wages.

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