CANBERRA, ACT, May 13 -- The Treasurer of Australia issued the following transcript:

Note

Subjects: tax reforms announced in the federal Budget, housing supply, rental prices

Sarah Abo:

Morning, Treasurer.

Jim Chalmers:

Good morning.

Karl Stefanovic:

All right, the highest‑taxing Treasurer in this country's history. How does that sit with you this morning?

Chalmers:

No, the highest‑taxing government was the Howard and Costello government. We've got taxes as a share of the economy lower than what those predecessors had. There are tax cuts in the Budget, tax cuts for workers and tax cuts for business.

Abo:

When did you change your mind on some of your policies? Because I don't think anyone believes that you did that in...