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

Increased taxes on housing, increased taxes on family businesses, increased taxes on superannuation savings and increased personal taxes. It is an absolute tax blizzard that will come from a winter of taxes delivered by the Leader of the Opposition if he were ever to become Prime Minister of this country, freezing growth that is needed for more and better-paid jobs. He will remove the tax speed limit on the budget. We know that on the taxes they announced at the last election—and it has got a lot worse since then—taxes as a share of the economy will rise to 25.7 per cent. In current year terms that would be an additional $31 billion in tax burden on the Australian economy. On this side of the House we believe in the economics of opportunity. We on this side of the House believe that you work hard, you go to work, you invest and you make a better future for yourself. We want a tax system that supports that. You can't pay the bills with the politics of envy.

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