Announced by LNP Leader Campbell Newman today, the blueprint commits an LNP Government to cut payroll tax by raising the exemption threshold from $1million to $1.6million over six years.

"Local small businesses are the engine room of our local economy and the key creator of jobs," Mr Watts said.

"Our payroll tax cut will provide more job opportunities and job security for families in the Toowoomba region."

Trevor Watts said the LNP's payroll tax cut will create over 4000 new jobs for Queenslanders and mean less red tape for businesses.

"The LNP is committed to reducing unemployment in Queensland to 4 per cent in six years. Our cuts to payroll tax and red tape are a necessary step in the right direction to make this happen.

"We are also committed to a series of Fiscal Principles to control spending, return the budget to surplus by 2014-15, and pay down Labor's $85 billion debt.

Trevor Watts said a strong and united LNP Government would establish a Commission of Audit within the first 100 days to chart a path back to the AAA credit rating lost under Labor.

"Under Labor's watch, Queensland has the highest unemployment rate on mainland Australia.

"Small business owners in my local area are sick and tired of Labor's increasing red tape, taxes and charges which add extra burden to the costs of doing business and stifle employment growth."

The LNP will grow a strong four pillar economy and get government red tape off the back of small business to ensure jobs now and into the future for local residents Trevor Watts said.

"It's time for a change. It's time to get Queensland back on track," Mr Watts said.