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

We are absolutely committed to taking business tax cuts to the next election, hopefully having been legislated by the Senate. The Labor Party has an opportunity to do the right thing by working families around Australia by supporting a policy that the shadow Treasurer, Chris Bowen, supported right up until the time that we put it into our budget. The shadow Treasurer, Chris Bowen, as late as September 2015, made the point that a higher company tax rate hurts workers the most. It falls hardest on workers. That's what he used to say.

Senator Abetz interjecting—

Senator Wong's said similar things, you're quite right. The Labor Party knows what the right thing to do is here for working families around Australia. I tell you what we're going to do. We're going to give you the opportunity to vote for better opportunities for working families around Australia to get ahead, by making sure that the businesses that employ them and pay their wages have the best possible opportunity to be viable, to be competitive and to be profitable into the future. (Time expired)