Kelly O'Dwyer (Higgins, Liberal Party, Minister for Revenue and Financial Services) Share this | Hansard source

That is precisely why this government has put in place a tax system that is designed to help all Australians, whether they be business owners, employees, the young, the old and everyone in between. Under our personal income tax changes, under our tax plan, 94 per cent of taxpayers will pay no more than 32½c in the dollar. Those opposite, unbelievably, would not only stand in the way of that tax cut; they would hit Australians with more than $200 billion worth of new or increased taxes. It's enough for many Australians to think: what is the point? What is the point of expanding their business? The Labor Party will tax it. What is the point of doing an extra day of work, of going for that promotion or doing some overtime? Labor will tax it.

Honourable members interjecting—

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