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

This was a question about growth and jobs and the right choices the government must make to support growth and jobs. In jacking up the company tax rate, the Leader of the Opposition is going to slug Australian companies, and the banks have said very clearly they are going to jack up interest rates between 10 basis points and 25 basis points. This should not be news to the shadow Treasurer over there, because he had this to say: 'Any additional taxes you put on banks they just pass straight through to consumers.' Perhaps he should have told that to the Leader of the Opposition, because what we have here is a fair commitment to support families when they have children. In particular, we support them in the early stages when they have children with an additional $2,000. The Leader of the Opposition is going to rip that away. The Leader of the Opposition is going to rip away the schoolkids bonus and the Leader of the Opposition is going to jack up interest rates, slugging Australian families yet again.

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