Scott Morrison (Cook, Liberal Party, Treasurer) Share this | Hansard source

I thank the Prime Minister for the opportunity to respond to the question. The only change to the tax schedules that was contained in last night's budget was to broaden the middle income tax bracket to ensure that average wage earners on full-time earnings stayed within the middle income tax bracket.

On the matter that I think the Leader of the Opposition is referring to, I would like to take him back to when he was Assistant Treasurer. He spoke to the Tax Institute on 4 March 2011. He said:

The Government—

that is, the then Labor government—

recognises that higher taxation reduces incentives to work, save and invest—

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