Wayne Swan (Lilley, Australian Labor Party, Treasurer) Share this | Hansard source

I thank the member for his question, because I think everybody on this side of the House was proud to stand up in this House this morning and support the 'fair go' budget—very proud to support a budget that was coming back to surplus, very proud to support a budget which is going to spread the benefits of the boom to every corner of our country and certainly very proud to make room in a very tight budget to assist those with disabilities. So everybody on this side of the House is very proud of a budget which will grow our economy and spread the benefits to every corner of our country.

We know those opposite are so reckless and so destructive that all they ever want to do is talk our economy down. What we will do on this side of the House is build up our economy and build up our country. We have confidence in the future of this country. Those on that side of the House, led by this negative opposition leader, just want to talk the economy down every day—day in, day out.

There are substantial benefits in the budget to assist families in Australia: a $5 billion package over five years of additional support for low- and middle-income families in this community. We are very proud of that, and particularly the additional assistance with the costs of sending kids to school. There is also the assistance in terms of the clean energy package, going out to something like three million pensioners—we are very proud of that—and additional assistance to 1.6 million families and, on top of that, tripling the tax-free threshold. That is going to make an enormous difference to many people on low incomes, giving a tax cut to something like seven million Australians on low and middle incomes. Then, of course, there is the assistance for business—the loss carry-back and, of course, the assistance in terms of the instant asset write-off, which will go to something like 2.7 million small businesses.

So we on this side of the House were very proud to stand up and support that assistance for families and business when the Leader of the Opposition was simply running away from it—running away from the families of Australia in terms of the assistance to families to educate their kids, and running away from the assistance to small business. Fair dinkum! You should have seen it in here this morning. It was as if the Three Stooges were back in play, stumbling and bumbling around the corner of the House, and they were joined by a fourth. Shemp over there joined the Three Stooges this morning, running away from the people of Australia and running away from cost-of-living assistance. He is all opposition and no leadership.

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