Malcolm Turnbull (Wentworth, Liberal Party, Prime Minister) Share this | Hansard source

The honourable member's question—and, I believe it is likely, the member for Sydney's question—proceeded on the premise, the false premise, that there is a change to the deficit levy in the budget. There is no change to the deficit levy in the budget at all. The deficit levy was introduced two years ago, to run for three years; it adds two per cent to the top marginal rate; and it expires on 30 June next year. It was introduced for three years only, and apparently the Labor Party want to make it permanent. So they want to increase the top marginal rate, permanently, by two per cent.

Mr Bowen interjecting—

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