Hon MICHAEL WOODHOUSE (National): Thank you, Mr Chair. I'm very pleased to take a call on the minimum family tax credit part of the Taxation (Budget 2021 and Remedial Measures) Bill. I think we've traversed the circumstances for this in a reasonably liberal fashion in the first two readings, and this will, obviously, be a little bit pointed. Although, I want to indicate to the committee that, because this bill is a bill about taxation and remedying things, I think there are a number of other remedies that we could put. Actually, what we have had is a long dissertation from the Minister of Finance and the Government of the day about fixing 30-year-old problems. Well, my aspirations in the committee of the whole House are a little more modest than that. I'd like to fix one problem that is a longstanding irritant, and that is the failure to amend the thresholds for the tax rates that are in the Income Tax Act 2007, and there is a tabled amendment now on the Table in the name of the Hon Simon Bridges to do just that—this would, I think, constitute a new part, and so I won't elaborate on that too long; I'm just doing some introductory remarks—and a second tabled amendment is in my name to remedy the punitive changes that the Government made recently to punish higher-earning, hard-working New Zealanders, who are already paying a vastly disproportionate share of the income tax base in this country, by removing line 5 of Schedule 1 of the Income Tax Act—that is, the 39 percent threshold.