Senate debates

Tuesday, 27 February 2024

Bills

Treasury Laws Amendment (Cost of Living Tax Cuts) Bill 2024, Treasury Laws Amendment (Cost of Living — Medicare Levy) Bill 2024; In Committee

7:14 pm

Photo of Jane HumeJane Hume (Victoria, Liberal Party, Shadow Minister for the Public Service) Share this | Hansard source

For the benefit of the chamber, I just want to inform you that the opposition is going to oppose this amendment, Senator Roberts. We won't be supporting it, because the stage 3 tax cuts were originally designed to address bracket creep but do it in a very structural, costed and fiscally responsible way. While this measure would address bracket creep, you're absolutely right that the fiscal cost of this change isn't known, and that's why we couldn't support it at this stage. The Prime Minister's broken promise means that delivering the stage 3 tax reforms as they had been legislated originally is now impossible, but the coalition remains committed to fighting bracket creep and to enshrining aspiration, because strong leaders keep their promises, even when it's hard to do so.

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