Cameron Caldwell (Fadden, Liberal National Party, Shadow Assistant Minister for Housing) Share this | Hansard source

The members opposite have got more spin than a carousel at the Ekka, quite frankly. What this budget actually did was crystallise Labor lies, higher taxes, lower living standards and fewer homes. This budget cements this Labor government as the highest taxing government this nation has ever seen, and the big play was apparently housing. But guess what? Labor's own budget papers reveal, on page 158, that actually their new taxes will lead to—you guessed it!—fewer homes being built.

The one thing they didn't mention in the budget speech on Tuesday night was migration. Out-of-control migration has absolutely contributed to this housing crisis. In fact, under this Labor government, we've seen 1.4 million people come into this country. Quite frankly, housing supply just can't keep up. You cannot fix the housing crisis without addressing the population pressures that have been imposed by this Labor government.

They ruled out changing capital gains tax. They ruled out changing negative gearing. And they broke those promises, those solemn promises, to the Australian people. This mob's got form now. They've never seen a tax that they don't like, so we ask: what tax is coming next from this Albanese Labor government?

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