Peter Costello (Higgins, Liberal Party, Treasurer) Share this | Hansard source

I thank the honourable member for Cowper. There is a 70 per cent chance that, if you are running in the next election, the Labor Party candidate will be a trade union official of one kind or another. I wish him all the best in his election activity.

Australia’s tax scales are 15 per cent, 30 per cent, 40 per cent and 45 per cent. They compare to the Labor Party’s tax scales when it left office of 20 per cent, 34 per cent, 43 per cent and 47 per cent. Not only have all the tax rates come down but, because thresholds have increased—for example, under Labor—

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