House debates

Wednesday, 20 February 2019

Statements by Members

Dividend Imputation

1:34 pm

Photo of Trevor EvansTrevor Evans (Brisbane, Liberal Party) Share this | Hansard source

Labor's proposed $200 billion taxathon is the largest single increase in taxation proposed by an opposition since Gough Whitlam thought 'It's time' for higher taxes. The largest of their new taxes, and possibly the worst, is Labor's unfair retiree tax. Everywhere I go in Brisbane, people have been raising their deep concerns about Labor's plan to abolish tax refunds for franking credits. I've now had thousands of people across Brisbane contact me to tell me how they're strongly against this unfair policy. This is not a policy that targets the rich and well-off, as Labor likes to pretend. The reality is that Labor's unfair policy targets many low-income retirees and will also hit many pensioners.

And it's not just senior Australians. The Economics Committee held a public hearing in Brisbane a few weeks ago.

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