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; Second Reading

4:25 pm

Photo of Tim WilsonTim Wilson (Goldstein, Liberal Party, Shadow Treasurer) | Hansard source

It's so good to see all the Labor members in the chamber voting to make sure I can give this speech. I know the Treasurer himself has said he has come into this chamber to vote so that I can give this speech. On budget night, Australians who ordinarily may not pay much interest in politics or be interested in the budget, because they go, 'It's just the government managing its own finances,' got an earthquake. The self-starters and small businesses of the nation found out that they were being utterly betrayed by the Albanese government on so many levels.

The government has come along and broken promises to the Australian community which they took to the last election, from their family savings taxes to their death taxes, taxes on homes and taxes on rent. It doesn't matter what they are. The government is seeking to betray the Australian community in its higher taxing agenda. We hear from the members opposite, including the 'trainwreck Treasurer', about how good these new taxes are for the Australian community. Well, if that's true, have the courage to take it to an election, because we don't need a coward's castle of people putting policy after an election. It's time you actually own the consequences of it.

We heard the member for Maribyrnong before foolishly signing herself up to the Albanese Titanic, because she thinks somehow that this is going to be working for them. Well, as I've said before, it is a bastard budget of broken promises.

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