Mathias Cormann (WA, Liberal Party, Minister for Finance) Share this | Hansard source

I completely and utterly reject that. The Turnbull government unequivocally stands up for the interests of everyday Australians. We want families across Australia to have the best opportunity to get ahead. And for families across Australia to have the best possible opportunity to get ahead, the businesses that employ them have to have the best possible opportunity to be profitable and to be successful. Less profitable and less successful businesses will employ fewer Australians and pay them lower wages. That is something the Labor Party doesn't understand. Under our policies, more successful and more profitable businesses will be able to hire more Australians and pay them better wages.

I have to correct Senator Collins. She talks about a $65 billion tax cut for big business. Half of that went to small and medium-sized businesses. She knows that, unless she's already decided that businesses with a turnover of $2 million or $3 million a year will get a tax hike under the Labor Party.