Senate debates

Monday, 18 June 2018

Questions without Notice

Taxation

2:27 pm

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

The people of Longman would be better off under our plan for jobs and growth, under our plan to attract more investment, create better opportunity and ensure that wages can rise on the back of stronger economic performance. If Labor was elected—if Bill Shorten was elected—the people of Longman would be worse off. They would be poorer. Low-income earners in Longman would be the most hurt of them all because, of course, Labor so far wants to increase taxes by more than $200 billion. That is $200 billion in higher Labor taxes, which relates to less investment, lower growth, fewer jobs and higher unemployment. As there is higher unemployment, there will be less competition for workers. As there's less competition for workers, wages will go down under Bill Shorten's socialist plan.

So I say to the aspirational families of Longman, to the families who want the best for their kids: only our plan will deliver a better opportunity for them to get ahead.

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