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

This government is committed to delivering tax cuts for small business and for the broader economy. We have been consistent about that. We have released legislation which reflects that commitment to help Australian businesses right across the economy—to help Australian businesses not in the mining boom fast lane that are struggling with challenges such as the higher dollar. A company tax rate cut is good policy. But I just say this: the contrast could not be clearer. Those opposite have moved on a number of occasions when it comes to company tax cuts. First, Mr Abbott said last year, when he told the West Australian that they would support company tax cuts, 'We support company tax cuts.' Subsequently, Mr Abbott has not only announced that coalition MPs will be whipped to vote against tax cuts but also refused to recommit to the 1.5 per cent business tax that he promised at the last election, so he has changed position yet again. (Time expired)