“In an extraordinary admission, the Treasurer has declared his Budget is a lie based on the modelling that confirms he has an active inflation agenda”, said Shadow Treasurer, Tim Wilson.
Mr Wilson’s comments come off the back of the embattled Treasurer releasing modelling about the impact of his new taxes on first home buyers’ savings and small businesses, and it relies on a higher inflation figure than his own budget released less than a week ago.
“The Treasurer released modelling to justify the impact of his capital gains tax, and it assumed higher inflation at 3 per cent than his own Budget assumes at 2.5 per cent”, Mr Wilson said.
“By releasing this data the Treasurer has confirmed he is deliberately stoking inflation to prop up his numbers – this Treasurer has confirmed he has an active inflation agenda”.
“This embattled Treasurer is clearly feeling the heat from his bad faith budget’s high-tax and high-spend agenda”.
“This Budget is unravelling faster than a full Woollies paper bag in the rain”.
“This is a bad faith budget built on a house of broken promises, that is built on stoking inflation, taxing inflation, spending inflation to send all Australians backwards”.
“No wonder that when you’re so loose with the truth before the budget, you can’t remember the data in it”.