Senate debates

Tuesday, 10 August 2021

Questions without Notice

Small Business

2:10 pm

Photo of Michaelia CashMichaelia Cash (WA, Liberal Party, Deputy Leader of the Government in the Senate) Share this | Hansard source

The Morrison government's plan to secure Australia's recovery, of course, means keeping taxes low. On the Morrison government's side of the chamber, lowering taxes is in our DNA. Certainly, when you look at the estimated $320 billion worth of investment that is expected to be supported by our business tax incentives and create 60,000 jobs by the end of 2022-23, we understand that, by keeping taxes low and helping businesses keep more of what they earn—after all, it is their money; they've earnt their money—we can continue to secure our economic recovery into the future.

I think one of the key contrasts between the Liberal-National government and those on the Labor side is obviously when it comes to lower taxes. We did not take, as an election policy, to the last election $387 billion in higher taxes. That's the gift that the Labor Party would have given the Australian people: $387 billion in higher taxes.

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