Julian Leeser (Berowra, Liberal Party, Shadow Minister for Indigenous Australians) Share this | Hansard source

Labor is pushing tax hikes on millions of Australians, and we will oppose them. We'll axe Labor's toxic taxes and deliver far bigger tax cuts for all income earners. Nearly 2,000 Berowra residents have responded to my survey on Labor's tax changes, and the message is loud and clear. The vast majority know these measures will worsen Australia's economy and make it harder for families to invest, save and get ahead. Labor's policy was rejected by Australians in 2019. It shifts the goalposts for families and makes it harder for the next generation to accumulate wealth and afford a home. By its own admission, Labor's policy will result in 35,000 fewer homes. Labor's changes add massive complexity, creating a bonanza for accountants and lawyers, and place another heavy regulatory burden on small business.

Berowra has the third-highest rates of negative gearing in Australia. Labor's changes hurt those people. It drives up rents. It penalises young investors who are building wealth through shares and other assets, and it discourages businesses risk taking and succession planning. We will oppose Labor's taxes in the parliament and repeal them in government. In the past three days, the comments have been flying in. Jyotsna warned that the trust changes feel like 'double tax'. Jocelyn added:

I'm very worried about the direction Australia is heading in and it is NOT the wonderful prosperous country that I grew up in.

Mike told us:

Nowhere in the world has a government managed to tax its way to prosperity.

Menny warned:

Don't change the rules halfway through the game.

And Evan said:

Never trust a leftie.

Berowra has spoken. It's time to axe the tax.

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