Simon Kennedy (Cook, Liberal Party, Shadow Assistant Minister to the Leader of the Opposition) Share this | Hansard source

This is the highest taxing budget in Australia's history. And why? Because government spending is at a 40-year high outside of the pandemic. Look, they're not spending it well enough for us to want to give them more. We see NDIS rorting, criminals stealing from the NDIS, and, instead of the government exposing it, it has to be two blokes on social media doorknocking in Western Sydney. We're spending $20 million on advertising on how people can pump up their tyres so they use less fuel. These are the types of programs that are being funded out of higher taxes on wage earners through bracket creep, small businesses through CGT and property owners through negative gearing. The PM has never seen an aspiration that he didn't want to crush. Under this budget, you take the risk, and the Prime Minister takes the reward. In this budget, if you earn an income, they tax you more; if you invest, they tax you more; if you build a business, they tax you more; and, if you're a young person, they'll tax you more.

Under this budget, young people are far worse off.

See this speech in context