Penny Wong (SA, Australian Labor Party, Minister for Finance and Deregulation) Share this | Hansard source

In relation to the income tax rates, they are clearly set out in the clean energy package. They were set out by the government when we announced the tax cuts that we will make—the tripling of the tax-free threshold. The effect on some of the headline income tax rates was also transparently released. What it shows is that anybody in this country earning under $80,000 a year will, under our tax reform package, which is part of the clean energy package, get a tax cut—a tax cut which those opposite are opposed to. This action stands in stark contrast to the opposition, who will be imposing some $1,300 more in tax on electorates and on their voters to pay for their direct action policy. That is the difference between those opposite and us. We will cut taxes. They will have to raise them or slash health services to fund their policy. (Time expired)