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

Those opposite have a $70 billion crater in their budget bottom line, and the first group that is going to pay for that is parents and schools, because those opposite are going to abolish the Schoolkids Bonus. Then they are going to get rid of the tripling of the tax-free threshold. Then they are going to move on and rip away superannuation benefits for low-paid workers. I think all Australians can see that there is an agenda on that side of the House to take the axe to the social safety net and a sledgehammer to our economy. On this side of the House, we stand for growth and jobs and a sensible and balanced economic policy that brings prosperity to all Australians. On that side of the House, they stand for a savage attack on the living standards of low- and middle-income earners in this community. That is what is going to play out as we go through this year and there is a straight comparison between the success of this government in managing the economy and the incompetence on the other side of the House.

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