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

I thank the member for Capricornia for her question. She is part of a team—the Turnbull government—that is getting things done. More jobs, a stronger economy and—once again, today—lower taxes. The Turnbull government is getting things done—$140 billion and more in tax relief for Australians out there working hard and paying tax. That is what has passed through the parliament today. I thank the members in the Senate and in this House who have ensured that Australians who work hard are the winners today as a result of the tax relief plan that has passed this parliament.

A registered nurse on $75,000 a year will have an extra $530 in their pocket from the 2018-19 income year onward and $3,740 in their pocket over the first seven years of this plan. She is one of 10 million Australians—and around 60,000 in the member's electorate of Capricornia—who will benefit from the plan. A workshop manager on $88,000 will have an extra $575 in their pocket from the next income year and over $4,000 over the first seven years of that plan. Low- and middle-income earners are our first priority; dealing with bracket creep moves from there, and then ensuring at the end of our plan a simpler tax system where 94 per cent of Australians do not face a marginal tax rate any greater than 32½c in the dollar.

That is a real plan dealing real problems. It is a plan that recognises and rewards aspiration. It's a plan that understands that what Australians earn is their money. That is a fundamental difference between those on this side of the House and the Labor Party. It is a plan that is not paid for by jacking up taxes on other Australians. The Labor Party want to put $200 billion more of tax on the Australian economy, and what we've learnt in this place today is that they want to put an extra $70 billion on the—

Mr Conroy interjecting—

See this speech in context