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

I would simply refer honourable members to the remarks of the shadow Treasurer when it was proposed. He said:

… we don't believe that the answer of increasing the marginal tax rate is an innovative one or it's good policy when you consider that we have to compete for labour around the world.

I also refer members to the remarks by the Leader of the Opposition back in 2005, when he said:

It should be remembered that reducing the top marginal rate is part of the solution …

Apparently increasing it is now part of the solution! Of course, there are the immortal words of the shadow Assistant Treasurer, who observed: 'Humans'—as opposed to other species, no doubt—

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