Nick Sherry (Tasmania, Australian Labor Party, Assistant Treasurer) Share this | Hansard source

Thank you, Senator Bishop, for that very important question. The government have cut income tax. We have cut income tax in all three of our budgets. The government know that many families are feeling the pinch, and that is despite Australia’s strong economic performance. That is why it is important to know that from next Thursday our third round of tax cuts will cut in to help with cost-of-living pressures. To give you an example, for a worker on an income of $50,000 a year, the tax cut starting on 1 July is worth—