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Transcripts from the Prime Ministers of Australia

Transcript 15323

Economic Management

Photo of Howard, John

Howard, John

Period of Service: 11/03/1996 to 03/12/2007

More information about Howard, John on The National Archive website.

Release Date: 23/05/2007

Release Type: Speech

Transcript ID: 15323


Good evening.

Good taxation policy is fundamental to good economic policy.

This government has cut income taxes in the last five Budgets, delivering almost $70 billion in cuts in the last two years alone.

The most recent tax cut will deliver an extra $21 a week to those earning $30,000 a year.

Meanwhile, Labor says it does not intend to release a tax policy.

Labor tries to pretend it will simply continue the government's good work, and that people should trust them to run the economy.

Labor's record dispels this myth.

It left $96 billion in debt, and voted against all major measures to pay it off. Our economic management has restored prosperity and reduced unemployment to its lowest level in more than three decades.

If a government changes, economic policy also changes.

And in Australia's case in 2007 that would definitely be a change for the worse.

Transcript 15323