QUESTIONS WITHOUT NOTICE
Senator WONG (South Australia—Minister for Foreign Affairs and Leader of the Government in the Senate) (14:33): I thank Senator O'Neill for her question and commend her, along with all of her colleagues, for their steadfast support for working Australians, because the reforms that passed the Senate today deliver real change and deliver positive change for Australians.
Labor is helping more people buy their own homes. Labor is cutting income taxes for workers again and again, and we are better aligning the treatment of Labor and asset income. This is not just for today; it is for the future, because our changes will mean more first home buyers will come into the system.
That is 75,000 more Australians owning their own home. It will make the system fairer for the generations that follow. This is all part of a budget focused on relief, resilience and reform; a budget which is about delivering a better, fairer, simpler tax system.
The Albanese Labor government's five tax cuts will mean the average working Australian will be up to $2,800 a year better off every year from 2028, through new and permanent income tax cuts for every Australian worker and through the $250 working Australians tax offset. Australians can claim a $1,000 instant tax deduction with no receipts needed. Our changes to negative gearing, capital gains tax and trusts don't impact the majority of people, but they will help fund tax relief for more than 13 million Australian workers.
We on this side know the pressure Australians are under, which is why it is so important that we reject the fake outrage of those opposite, those who offer anger and scare campaigns but no solutions. This tax package is pro worker, pro aspiration, pro investment. It is about delivering for all Australians.
(Time expired) The PRESIDENT: Senator O'Neill, first supplementary?