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

The budget has now been consistently projected to return to balance in 2020-21 over five consecutive statements over the last two years. The tax cuts that are included in that budget have already been delivered for businesses with a turnover up to $50 million. The extension of those tax cuts to all businesses in the economy in that budget is being done to drive the growth in jobs in our economy that we are seeing. More than 1,100 jobs were created every single day last year, some 403,100 jobs. On this side of the House, the Liberal and National parties are the parties of jobs and the parties of growth. The coalition's economic plan is being implemented. It is working. We are getting on with it, and there's more to come. There is more to come on the coalition's economic plan to drive growth.

There's a different approach that comes from those in the Labor Party. We learnt yesterday that the Deputy Leader of the Opposition is as good at economics as she is on geography. Normally that wouldn't be such a problem, but we read today that the Deputy Leader of the Opposition 's left faction is the one now calling the tune and dictating the terms on economic policy in the Labor Party. That's what's happening. Paul Keating and Bob Hawke would never have stood for that. They would never have sat there and been dictated to by the Left on economic policy. But this Leader of the Opposition and this shadow Treasurer have been forced out there to recant all the things they used to believe. The Leader of the Opposition today is worried that perhaps we might be following 'Trumponomics', as he refers to it. Well, he is giving his shadow Treasurer very little credit—because in that great tome Hearts & Minds, which I have had on loan from the Library for some months—

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