Michaelia Cash (WA, Liberal Party, Minister for Small and Family Business) Share this | Hansard source

I think the Australian public would be aware of the threat to small and family businesses in the country. Of course, it is posed by those opposite, the Labor side of politics. Look at the policies that they are proposing for small and family businesses—policies that will quite literally see small and family businesses in Australia close their doors.

There is the abolition of franking credits, something that is raised with me consistently as I talk to small and family businesses in Australia. There is Labor's attack on family trusts and, of course, their proposed changes to negative gearing. These will not hurt the big end of town. What they will do, though, is hit small and family businesses. There was an article written recently by Mr Mark Bouris. This is what he said:

… the three tax changes promised by Labor are an attack on hundreds of thousands of hardworking Australians.

Frankly, Labor’s changes look punitive and unbalanced. They don’t hurt big corporations or the truly wealthy and they don’t apply to massive super funds — they only attack the little guy.

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