Jessica Collins (NSW, Liberal Party) | Link to this | Hansard source

This bad Labor budget is an assault on the Australian dream of being able to work hard and being rewarded for that work, as well as the dream of providing for your family and having your children live better lives than you could. Australians were told that Labor would not touch capital gains tax, negative gearing, trust, super or stage 3 cuts. Labor broke those promises. If you could not trust Labor on tax a month ago, you cannot trust them now. The so-called small-business carve-out is an absolute con. Nine out of 10 small businesses will get nothing. Labor's toxic taxes still leave them worse off.

Labor and the Greens are doing a deal on this budget, and the dirty deal between the Labor Party and the Greens will see Australians go backwards. It will see more small businesses close and more young Australians look overseas for opportunities that were once possible here. Those opportunities of enterprise have been killed by this prime minister. He lies down with the Greens to tax Australians more and locks all Australians out of the prosperous future guaranteed by coalition governments. The Prime Minister wouldn't take this to the Australian people. He knew that Australians would outright reject his partisan politics of punishment on aspiration.

If the Prime Minister were a bird, he would be a lyrebird. He mimics Marx and whistles a different tune before the election to what he hawks now. Labor's toxic taxes don't need a tweak, a carve-out or another Canberra fix. They need the axe, because you don't fix a bad tax by making it more complicated; you scrap it. The Liberal-National coalition backs small business. We back you all the way. We understand small business and we will axe this terrible tax.