House debates
Tuesday, 2 June 2026
Bills
Treasury Laws Amendment (Tax Reform No. 1) Bill 2026, Income Tax Rates Amendment (Tax Reform No. 1) Bill 2026; Reference to Committee
4:09 pm
Dan Tehan (Wannon, Liberal Party, Shadow Minister for Energy and Emissions Reduction) | Hansard source
Yes—over 10 years, 35,000 fewer houses. Thanks, member for Riverina. He's got the detail of the budget. But the trouble is that the government doesn't know any of this. So that's why we want to make sure that it can go to an inquiry. We need an inquiry which will last a length of time, because there's so much detail the government doesn't know about its own budget that we've got to make sure that we can interrogate it.
What would be wrong with sending a budget that is going to put $77 billion worth of more taxes on the Australian people to an Economics Committee inquiry? I would have thought that that makes a lot of sense, because on this side—I don't know what the government thinks—we think $77 billion is a hell of a lot of money, especially when you're asking Australians to dip into their pockets and pay that $77 billion. We're already seeing that it's having an impact across the housing market. We're already seeing that it's having an impact across small business. I'm sure that even on that side the government members have seen those memes.
There's another question that we could ask in the Economics Committee inquiry: have you seen those memes, and do you think the Prime Minister wants to take 30 per cent of your business without even asking you about it?
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