Josh Frydenberg (Kooyong, Liberal Party, Treasurer) Share this | Hansard source

I thank the member for Braddon for his question. The member for Braddon is a beef farmer. He's a soldier who's proudly served his nation and he can trace his family connections back to the 1850s in his electorate. Around 40,000 taxpayers in the electorate of Braddon will get a tax cut as a result of the policies that this side of the parliament endorsed and the legislation that went through the parliament just a few weeks ago.

How good are tax cuts? They enable Australians to earn more and to keep more of what they earn. As of today, $15½ billion has made its way out of the doors of the Australian tax office and into the pockets of hardworking Australians. Around six million Australian taxpayers have got a tax refund for the 2018-19 year. The result of our tax cuts is that we are now creating a simpler, stronger, fairer tax system—abolishing a whole tax bracket—and 94 per cent of Australian taxpayers will pay a marginal rate of no more than 30c in the dollar. Lower taxes, you would think, would have the support of both sides of this parliament. No! No! It didn't have the support of those opposite. They fought us every step of the way with our tax cuts.

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