Senate debates

Wednesday, 20 June 2018

Bills

Treasury Laws Amendment (Personal Income Tax Plan) Bill 2018; In Committee

12:37 pm

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

What I would say is what I've said before: this is a very important, long-term plan to provide the right incentive, the right encouragement and the right reward for effort to hardworking families around Australia. We have a long-term plan to provide income tax relief to families around Australia which prioritises low- and middle-income earners. Over the next four years, the benefit goes to low- and middle-income earners. What I would say to the Senate and what I would say to the Greens is that I would draw the attention of the Greens to the fact that the value of the personal income tax cut for low-income earners is significantly higher than the value, as a percentage, for people at the higher income end.

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