Commitments in today’s Financial Review from the Prime Minister that he won’t increase taxes on super, negative gearing, or the family home should be reported to Scam Watch.
Anthony Albanese and Labor are promising $2.9 billion in higher taxes for small businesses than the Coalition at this election.
The Prime Minister is offering families a 70 cents a day tax con job, instead of a 25c a litre cut to the petrol tax.
Labor and Anthony Albanese have broken every promise they made on tax before the last election.
Labor and Anthony Albanese promised on more than 100 occasions they would not change the stage 3 tax cuts - they did.
Labor and Anthony Albanese promised there would be no changes to super - they are taxing it.
Labor and Anthony Albanese promised no changes to franking credits - they cracked down on them.
Labor and Anthony Albanese promised no changes to negative gearing and capital gains tax - the Treasurer is modelling them.
Anthony Albanese and Labor are pursuing an unprecedented, unindexed wealth tax on Australians’ retirement savings that will tax unrealised capital gains.
According to Treasury’s own modelling, a 20-year-old today earning an average wage will be captured.
Labor has committed to an additional $5 billion in spending since the Pre-Election Fiscal Outlook and is promising 10 years of deficits and $1.2 trillion of debt with no way to pay for it.
The only way Labor will pay for it is through higher taxes because when Labor runs out of money it comes after yours.
Only the Coalition has a plan to deliver targeted and timely tax relief, grow our economy, back small business, fund our essential services and get our country back on track.