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SARAH FERGUSON: Was it humiliating for you to have to stand up and support Labor's changes to the tax cuts?
PETER DUTTON: We had stage 1, stage 2, and stage 3, so we've already put into the system about $200 billion worth of tax cuts. PETER DUTTON: I think the Prime Minister promised the Australian public on 100 occasions, he supported legislation, he went to two elections with a particular policy. I think what he has done now is not provide substantive tax reform that will address bracket creep.
I think it is absolutely the case that they've made a political decision. We've had stage 3 tax cuts, stage 3 as I say because we delivered $200 billion worth of tax cuts through 1 and 2, and the reform that stage 3 bought allowed us to address some of the bracket creep concern. Every economist points that out.
As a result, people's mortgages are staying higher. Australians, we know, under this Government are paying probably about $24,000 a year in after-tax dollars extra because of the 12 interest rate increases.PETER DUTTON: Well, absolutely within their control, because as the Reserve Bank Governor has pointed out, this is a home-grown problem.PETER DUTTON: The fact that our inflation, again, it's not for you to apologise for the Government.
SARAH FERGUSON: I understand that but let me put it in these terms. I think what you're saying is, this is good policy, you agree with it, you would do the same thing, I assume, but you certainly supported this. We support it on the basis, not of supporting his lie, but of supporting families who are hurting as a result of this.PETER DUTTON: The families who deserve that money.PETER DUTTON: And they won't get it until July, as you would point out, you would have been critical of the Prime Minister of that last night in the interview.
SARAH FERGUSON: If I may, I do want to push back against the characterisation that that is a Labor point. The cost of those tax cuts that you are going to reinstate is $9 billion. So there will be support that's required for many Australians to get back into a position that they were in frankly before the Prime Minister was elected.
They're talking about changing the negative gearing settings, they haven't properly ruled out changing the taxation arrangements in relation to the family home and we don't know what they will do with trusts and with franked dividends as well. SARAH FERGUSON: I want to talk about the week that you have had, because thanks to the intervention of a former prime minister, you found yourself having to say to the gallery, I quote, "Have you found me to be a thug?"PETER DUTTON: Well, I was asked a question by a journalist who I've known for many, many years, to respond to that comment and I asked the journalist who knows me well, had she ever found me to be a person of that character.
SARAH FERGUSON: Let me just ask you about that though because that comment that you had to respond to, plus seeing you standing up and supporting the Government's tax changes, which you can't have wanted to do, do you feel, I guess what I'm saying it has been a difficult first week for you here. Do you feel also that your political momentum is slipping away?
The fact is that we are more united than ever in the Liberal Party. Nobody is looking backwards; we are holding the Government to account. I don't think the Prime Minister will recover his credibility. I think the Australian public look at him in a very different way now. I think some people...PETER DUTTON: I'm not talking about shadow cabinet...
SARAH FERGUSON: What about you? We're in the midst of a raging cost-of-living crisis, every pollster in the country says it is the one message coming through. Shouldn't you be leading in the polls in the midst of such a situation?
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