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

We are very grateful to Senator Hanson, as we are grateful to Senators Hinch, Burston, Bernardi, Leyonhjelm, Patrick, Griff—all of those crossbench senators who have decided to back working families across Australia who are in much need of income tax relief. It's a plan that is fair. It's fair because our plan for income tax relief prioritises low- and middle-income earners in the first instance but then addresses bracket creep for all working Australians, ensuring they have the right incentive to get ahead. I remind Senator Keneally that somebody earning $30,000 a year pays $2,200 worth of tax, whereas somebody on $200,000 a year pays $67,000 worth of tax. Somebody earning just over three times as much in revenue pays about 30 times as much in tax. (Time expired)