Senate debates

Tuesday, 23 June 2026

Questions without Notice

Capital Gains Tax

2:18 pm

Photo of Katy GallagherKaty Gallagher (ACT, Australian Labor Party, Minister for the Public Service) | Hansard source

Frankly, for those opposite, who went to the last election raising income tax on millions of Australians and who would have had bigger deficits, more debt and higher taxes on working Australians, to come in here and ask that question when this chamber is on the cusp of passing reforms that will work in the interests of millions and millions and millions of Australians, whether it be those who benefit from our tax reductions or our income tax cuts, which come on 1 July—there's another one next year. There's the instant deduction for $1,000 off when you put your tax return in, and there's the working Australians tax offset. There are 13.3 million Australians who will benefit from all of this reform, and that is what Australians know. They know that the Albanese Labor government will look after them and make sure their income taxes are lower.

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