House debates

Thursday, 4 April 2019

Questions without Notice

Budget

2:27 pm

Photo of Josh FrydenbergJosh Frydenberg (Kooyong, Liberal Party, Treasurer) Share this | Hansard source

I want to table the booklet, Mr Speaker. Thank you very much. Labor's tax bill—$200 billion of new taxes: a housing tax, with a 50 per cent increase in capital gains that could come at the worst possible time for the housing market; a shameful retirees tax on more than one million Australians who have done nothing wrong; a new tax on superannuation that's going to prevent catch-up contributions for mothers who have been out of the workforce having children; and a tax on family businesses, which is going to make their lives that much more difficult.

When it comes to the housing tax, whatever the Leader of the Opposition says, for lower income earners, what he needs to tell the people of Australia tonight is how he's going to increase their rents, because, if you live in Brisbane, your rent will go up by up to $90 a week. If you're in Melbourne, your rent will go up by up to $65 a week. If you're in Adelaide or if you're in Perth, your rent will go up by up to $60 a week. And if you're in Sydney, under Labor's plan, your rent will go up by up to $50 a week.

So the Labor Party has a plan for higher taxes. Any promise they make tonight, the Australian people will know, is only funded by higher taxes.

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