Tom Venning (Grey, Liberal Party) | Hansard source

The government tell us they are building an economy that works for all Australians where they can earn more and keep more of what they earn, but this is plainly not true. They are breaking the economy. They are hurting workers, families and businesses. It is plain to see Labor can't manage money, so they are coming after yours. Australians did not vote for these big new taxes. The Prime Minister promised before the last election that he would not introduce them. He said this on more than 50 occasions, but he broke every single one of those promises. He showed disregard for the people of this country.

This budget is designed to manage the decline of the economy. It is not designed to grow it. We now face a death tax. We now face a tax on family savings. We now face a tax on renters. We face a tax on first home buyers. We face a tax on young Australians who are just trying to get ahead. We face a tax on small business and startups, the engine room of our economy. This is a budget of broken promises. This budget breaks the Australian dream. It is an assault on aspiration. It pulls the ladder of opportunity up from young people before they get their foot on the rung. It does nothing to improve intergenerational inequality. It makes the problem worse. It is intergenerational fraud. I repeat: Labor cannot manage money, so they are coming after yours. It makes sense. On that side of the house, no-one has started a business, worked in the private sector or taken risks. They are all union hacks.

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