Senate debates

Wednesday, 30 March 2022

Questions without Notice

Budget

2:20 pm

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

No, it is not. This budget represents the economic plan for the future for Australia—an economic plan that has delivered record jobs for Australians and an economic plan that has been built on lower taxes for Australians. Under the coalition, income taxes are lower than they were under Labor Party. Under the coalition, taxes on Australian small businesses are lower than they were under the Labor Party. Under the coalition, taxes on Australian industry, energy and electricity are lower than they were under the Labor Party. Taxes on housing, retirees and investments are lower than they would have been under the Labor Party. Could we imagine the disaster that would have befallen Australia during COVID-19 if their $386 billion of higher taxes had been applied just at the time when the economy needed opportunities and room for business to grow? Thank God we won the last election.

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