Albanese on the bottom line talk (the never ending bottom line talk)

What we’re not doing – what we’re not doing is one-off sugar hits, which is the big difference between the tax policies. We have a policy of decreasing income tax making a difference, and then also reform so that people – 5.7 million, current numbers, but it’ll probably be up to 6 million because of the growth of the workforce – will receive that instant tax deduction.

That’s also an efficiency measure. It will allow the ATO to also concentrate on other areas, because it will remove the need for the bureaucracy to deal with all of small measures that they have to deal with with income tax returns for PAYE taxpayers.

So, look – we will continue to be responsible. You’ll see all of our bottom lines, and you’ll be able to make your assessments. But I make this point – we turned a $78 billion deficit under the Liberals into a $22 billion Labor surplus. We turned a deficit in excess of $50 billion into a $15 billion surplus under Labor. And, this year, we’ve almost halved the deficit.