James McGrath (Queensland, Liberal National Party, Assistant Minister to the Prime Minister) Share this | Hansard source

The coalition government does not support Labor's retiree tax which will take money out of the pockets of one million Australians, including 230,000 pensioners. Labor's policy will overwhelmingly hit lower- and middle-income earners, with 86 per cent of the individuals impacted on taxable incomes of less than $37,000. The government calls on the Labor Party to release their costings immediately.