Home grown inflation kneecaps Budget ‘tax cut’, Coalition Tax Back Guarantee needed to stop stealth hikes

May 27, 2026

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Tim Wilson

Shadow Treasurer, Member for Goldstein

Articles

Death of Neale Daniher AO, House of Representatives

May 25, 2026

Thank you, Mr. Speaker, and I thank the Prime Minister for his heartfelt words. On behalf of the Federal Coalition, I express my condolences to the family and friends of Neale Daniher AO and the wider AFL community on his sad death. Neale was a champion footballer, a mighty coach, a family man, and an Read More >

90 Second Statements, House of Representatives

May 25, 2026

Mr. Speaker, the verdict is in. This is the worst Budget Australia has seen since Paul Keating’s in 1993. The promise that the Prime Minister gave that there will be no changes to negative gearing, no changes to capital gains tax – he ruled out changes in his own words for the 50th time. Now, Read More >

“Today’s inflation data confirms that the Albanese government’s Budget ‘tax cuts’ will be wiped out by Christmas, and under the Coalition’s Tax Back Guarantee, Australian households will be protected against Albanese’s active inflation agenda by stopping stealth tax hikes”, said Shadow Treasurer, Tim Wilson. Mr Wilson’s comments follow ABS data confirming inflation for April is at 4.2 per cent, with home grown inflation rising to 4.7 per cent. Underlying inflation, which is the measure the RBA's focuses on rose to 3.4% well above the RBA's target band. “The Albanese government’s active inflation agenda started before Iran, has been compounded by Iran, and now they’re using it to kneecap their own Budget ‘tax cuts’ which will be wiped out by Christmas”, Mr Wilson said. “The Treasurer declared that he’d beaten inflation and higher interest rates in March 2025, and in May 2026 Australians are living with persistent inflation that is hurting their standard of living”, Mr Wilson said. “Persistent inflation reflects what Australians are living – their standards of living are falling under the Albanese active inflation agenda”. “The Treasurer needs to stop the victory dancing while inflation persists and get spending down”. “This inflation data does nothing to encourage interest rate cuts, cheaper prices at the supermarket or back small business to survive”. “Families are sitting around the kitchen table tonight working out what food and clothes they need to cut out of their budget because of the Treasurer’s addiction to spending, and there is no relief in sight”. Australia’s inflation rate has been higher than Japan, France, Italy, Canada, the United Kingdom, Germany and the United States for months now, starting long before the Iran crisis, and it is showing no signs of coming down.