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

As I've advised the chamber for some time, somebody earning $30,000 a year will get a 8.3 per cent tax cut and somebody earning $200,000 a year will get a 0.2 per cent tax cut. Colleagues, do you know what I'm going to say? The Labor Party does not know when the battle is over. The battle is over and the working families of Australia have won.

Senator Wong interjecting—

Yes, there's an election. I take that interjection from the Leader of the Opposition in the Senate. We can't wait to engage with the Labor Party in the lead-up to the next election all the way to election day next year when the Labor Party is saying to working families around Australia, 'We, the Labor Party, stand for higher taxes,' while we, the Liberal-National Party, stand for lower taxes. You stand for lower growth; we stand for stronger growth. You stand for fewer jobs; we stand for more jobs. You stand for lower wages; we stand for higher wages. Your agenda of higher taxes and your agenda of wanting to increase the tax burden on Australian families by $70 billion will hurt the economy, will hurt families and, of course, will cost jobs. We're quite happy to go to the next election with you promising to increase that—