Tim Wilson (Goldstein, Liberal Party, Shadow Treasurer) Share this | Hansard source

Now we know the truth. Australians went to the ballot box taking the Prime Minister at his word. Fifty times over, red-hot with rage, he said he wouldn't tax houses, he wouldn't tax rents and he wouldn't hit small businesses. Now, entrusted with a supermajority in this parliament, that power has all gone to the Prime Minister's head.

This government has ignored the cost of living, continuously, and Australians are looking at this budget and saying: 'What has this got to do with us? It's doing nothing to lower our costs, but it is hitting us with higher taxes.' Last night, the government handed down a bad-faith budget—bad faith because it was built on broken promises, 50 times over; bad faith because it increases taxes, the highest on record for a government; bad faith because, by its own admission, it will increase rents; bad faith because it will lower living standards, three per cent, over the life of this government, as a share of real wages; and bad faith because it will build fewer homes.

I have never seen a budget document like this, where they go out and boast so strongly that they're going to address intergenerational incomes and fairness and then go on and build 35,000 new homes. If you've got a story of how this budget dudded you, go to www.notthetax.com.au.

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