Senate debates

Tuesday, 26 June 2018

Matters of Public Importance

Income Tax

5:03 pm

Photo of Amanda StokerAmanda Stoker (Queensland, Liberal Party) Share this | Hansard source

Well, where would the Labor Party be without the banks? Today I read in The Australian a full list of the many millions of dollars worth of property owned by the luminaries of the Labor Party—multiple properties for multiple MPs. But you know what? It's not a problem for me. In fact, I like to see that kind of aspiration, that kind of planning for one's financial future, that kind of effort to get one and one's family ahead. It's fascinating reading because of the sheer hypocrisy of the Labor Party coming in here and attempting to crush the personal aspirations of others, of fighting working Australians who demonstrate all of the traits that built this country and made it strong—a desire to get ahead, make sensible investment decisions, make sacrifices, save, prepare a nest egg for their retirement.

I could be describing the characteristics of Liberal and National Party voters, but these are members of the Labor Party. All, no doubt, are well leveraged with bank loans. But the very bank loans they depend on come from the people they come in here and rant and rave against day after day. They complain on a personal level, because of their competitive position, if there's an increase in fees or charges from banks, but they're happy to sabotage the needs and wants of Australians in their own interests to sandbag their personal political positions to try and get some advantage in here. They're quite happy to grandfather the proposed changes to negative gearing to suit their own personal interests but keep other Australians off that ladder of opportunity that once mattered to the Labor Party. They have now rebranded themselves as the party of envy, the killjoys of other people's aspirations.

I still believe Australia is an aspirational country. Both its history and its present ring with aspiration. But we've got, in the opposition, a bunch of knockers. They don't even represent their own tradition. The genesis of the Labor Party was in the improvement of the lives of hardworking shearers in the sheds, giving them a hand to become a greater contributor to Australian society. But now it's all just a big attempt to divide this nation with the politics of envy. But I'm an optimist. I believe that most of the Labor Party don't agree with this strategy of being relentlessly negative without considering the merits of each policy. So ruthless is their desire to win government that we've seen that Mr Shorten will take any position that he thinks will further that possibility. I've seen the flip-flops year after year, whether by Mr Bowen, Mr Shorten or Mr Leigh. All of them have said that cutting corporate tax is a policy that will bring great benefit to the Australian people. But, then again, if you only stand for your own political interests, really, you value nothing.

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