Pauline Hanson (Queensland, Pauline Hanson's One Nation Party) | Hansard source

The Albanese Labor government's latest budget has gone down like a lead balloon. It's a $77 billion tax grab. It's a litany of broken promises. It's going to kill investment, innovation and aspiration. It's going to hurt farmers. It's going to destroy small businesses already doing it tough. It's going to drive rents higher as investors pull out of housing. It's going to drive mortgages higher. Despite Labor's promise to reduce immigration, this budget projects an increase. In the middle of a cost-of-living crisis created by Labor's obsession with net zero and renewables, it's going to drive inflation higher.

The budget doesn't create intergenerational equity; it creates intergenerational poverty. They got to the top; now Labor is pulling up the ladder on younger generations of Australians. This budget attacks hardworking Australians who have sacrificed to save and invest. Labor doesn't want Australians to be able to pull themselves up or invest their hard earned savings so they can be independent. Labor wants Australians to become more dependent on handouts and government services.

This is the most dishonest, secretive, unaccountable government in Australian history, and increasing numbers of Australian voters know it. They're not buying the lies any more. They're mad as hell about this budget. With this budget they see a government, and a political system, which no longer listens to them and no longer cares. One Nation will reverse the capital gains tax and restrict negative gearing to two houses. We will not disadvantage businesses. They will not be faced with any capital gains tax changes. They invested their hard earned tax money, mortgaged their assets and worked long, hard hours with no help. One Nation will not allow an out-of-control government who cannot stop spending— (Time expired)