House debates

Thursday, 27 June 2024

Questions without Notice

Economy

2:39 pm

Photo of Anne WebsterAnne Webster (Mallee, National Party, Shadow Assistant Minister for Regional Health) Share this | | Hansard source

My question is to the Prime Minister. In three failed budgets, Labor has made the fight against inflation worse, with bad decisions and the wrong priorities. Betashares' chief economist, David Bassanese, described the latest inflation data as a 'shocker', saying it places huge pressure on the Reserve Bank to raise interest rates in August. Prime Minister, why are Australian families paying the price for Labor's economic incompetence?

2:40 pm

Photo of Anthony AlbaneseAnthony Albanese (Grayndler, Australian Labor Party, Prime Minister) Share this | | Hansard source

I thank the member for her question, which is similar to previous questions in today's question time. What we are doing on the economy and in budgets, what I'm asked about, is turning Liberal Party deficits into Labor surpluses. That's what we've done—not once, but twice. And we're doing that whilst we're providing support for people who most need it.

Now, those opposite have an opportunity to come in here and to move a private members' bill to restore their tax cuts that they wanted, where they would get—and I'd get as well—$9,000, rather than $4½ thousand—

Photo of Angus TaylorAngus Taylor (Hume, Liberal Party, Shadow Treasurer) Share this | | Hansard source

Australians have never had it better!

Photo of Milton DickMilton Dick (Speaker) Share this | | Hansard source

The member for Hume will cease interjecting.

Photo of Anthony AlbaneseAnthony Albanese (Grayndler, Australian Labor Party, Prime Minister) Share this | | Hansard source

But they'd have to explain to the good people of Mallee and that region—many of whom certainly earn under the top marginal tax rate—that, 'Sorry, but if you're under $45,000, you miss out, because people at the top end need that $9,000, rather than people on under $45,000.'

Photo of Milton DickMilton Dick (Speaker) Share this | | Hansard source

Order. The member for Petrie and the member for Mallee will cease interjecting.

Photo of Anthony AlbaneseAnthony Albanese (Grayndler, Australian Labor Party, Prime Minister) Share this | | Hansard source

If that's the view that they have, then they should take up the opportunity that they have, perhaps again in alliance with their friends in the Greens in the Senate, to put forward such legislation. But they don't do that. We know that they consistently oppose any increase in wage rises, including for people on the minimum wage, which many people in regional communities, represented by the National Party, are on.

We, on this side of the chamber, want people to earn more, and we want people to keep more of what they earn. But we also want to make sure, as I've said consistently, that—

Photo of David LittleproudDavid Littleproud (Maranoa, National Party, Shadow Minister for Agriculture) Share this | | Hansard source

We gave them the first two tax cuts. Don't forget that.

Photo of Milton DickMilton Dick (Speaker) Share this | | Hansard source

Order. The Leader of the Nationals.

Photo of Anthony AlbaneseAnthony Albanese (Grayndler, Australian Labor Party, Prime Minister) Share this | | Hansard source

we don't want people to be left behind, which is why we are looking after the people according to need. But that's why, as well, we're looking after families, with cheaper child care. That's why our Energy Price Relief Plan of $300 that comes in on Monday—

Photo of Sussan LeySussan Ley (Farrer, Liberal Party, Shadow Minister for Women) Share this | | Hansard source

Have you ever been to Mallee?

Photo of Anthony AlbaneseAnthony Albanese (Grayndler, Australian Labor Party, Prime Minister) Share this | | Hansard source

Yes, I have been to the member's electorate, actually. I get out and about—I've been to yours too. Have you dropped in? That's the question—have you dropped in? We're busy trying to make a difference with practical plans. Every single one of the plans providing cost-of-living assistance have been opposed by those opposite.