Senate debates

Monday, 22 November 2021

Questions without Notice

COVID-19: Economy

2:07 pm

Photo of Simon BirminghamSimon Birmingham (SA, Liberal Party, Minister for Finance) Share this | Hansard source

(—) (): The government's economic policies have provided not only a safety valve and an underpinning to the economy and to Australian businesses and Australian jobs throughout the pandemic, but, crucially, the platform for the strong recovery and rebound. In the September quarter just gone $10.2 billion flowed into the pockets of Australians in tax cuts that have been delivered by our government, representing the largest quarterly tax cut it in over two decades. We expect a further $15 billion in tax cuts will flow this financial year—around $1½ billion every month going into the pockets of Australian families and households to be able to support their investment and their plans and through that our economic recovery. Small business is benefiting from some $5 billion worth of lower taxes that we have delivered to them. All of that contrasted though, if you saw the shadow Treasurer yesterday not able to give any commitments about taxes under a future Labor government, whereas the— (Time expired)


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