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

I thank the member for O'Connor for his question and his interest in ensuring that particularly small and medium-sized businesses in this country can grow and can support the jobs that they put in place through their own investment. The government's Enterprise Tax Plan was introduced into this House within the first hundred days after the last election, and that plan supports stronger growth, more investment, higher wages and more jobs.

The modelling undertaken by Treasury shows that GDP would increase by over a percentage point, investment would be up by three per cent and wages up by a percentage point as well. There used to be a lot of consensus on this point, Mr Speaker. We know the Leader of the Opposition once said that cutting the company income tax rate increases domestic productivity and domestic investment. We know that the shadow Treasurer used to also be a supporter of cutting company income tax. He said, 'It's a Labor thing to have the ambition of reducing company tax because it promotes investment, it creates—

Mr Bowen interjecting—

See this speech in context