Anthony Albanese (Grayndler, Australian Labor Party, Prime Minister) Share this | Hansard source

Our budget tonight will build on everything that Australia is doing to shield Australia from the worst of the global fuel crisis but also to ensure that we come out the other side with a stronger, fairer and more resilient economy. Our budget will be true to Labor values and Australian values—fairness and aspiration as we go forward.

The Leader of the Opposition raises the issue of housing taxes. Of course, there was a committee report commissioned by the Greens, the Liberals and the Nationals in the Senate, who asked for there to be a full public inquiry into capital gains taxation. That is something that was initiated by those opposite and something that we voted against. Indeed, so many of those opposite have said, including the member for Canning—I'm asked about quotes—who said:

… if that includes negative gearing then we should make changes.

That was the member for Canning. The shadow treasurer said:

… it's time to be honest: the tax system is screwing over young Australians.

Screwing over!

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