Malcolm Turnbull (Wentworth, Liberal Party, Prime Minister) Share this | Hansard source

I thank the honourable member for his question about DNA. Clearly, he must share some of that DNA as well, because only a few years ago he said that cutting the company income tax rate increases domestic productivity and domestic investment. More capital, he said, means higher productivity and economic growth, and leads to more jobs and higher wages. Well, despite our political differences, it may be that there's a little bit of DNA shared between us.

The reality is that we took our Enterprise Tax Plan to the election. We won the election. We were able, despite many naysayers, to legislate that part of it that delivers lower taxes for small and medium companies—overwhelmingly. Australian owned family companies. That is already driving record jobs growth in our country. It's driving strong economic growth, stronger than any of the biggest economies, with 3.1 per cent GDP growth. And last year we saw over 400,000 jobs created.

Now, that is delivering. But the reality is that the iron laws of arithmetic, which everyone pays attention to here, they are—

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