Senate debates

Tuesday, 2 August 2022

Questions without Notice

Interest Rates

2:33 pm

Photo of Katy GallagherKaty Gallagher (ACT, Australian Labor Party, Minister for the Public Service) Share this | Hansard source

I understand that this is the strong view of the Greens political party, and it's one that they have been arguing. I have said—and I said last week—that our priority when it comes to tax reform, which is what Senator McKim alludes to, is to focus on multinational tax reform and ensuring that multinationals pay their fair share of tax, and that will contribute to budget repair. We do want to get wages moving. We do think there's a social licence attached to some of the companies that have been doing pretty well in the last few months. But our focus is on repairing the budget, making those sensible investments into the economy, dealing with some of those supply constraints, getting wages moving and investing for the long-term productive side of the economy. That is what we said we'd do before the election. That's what we're doing after.

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